Goldman Sachs raises its December Brent crude oil price forecast to $90 per barrel, while maintaining its 2027 average price forecast at $80 per barrel.

Goldman Sachs released a report stating it maintains its base case that ongoing adjustments to Middle East oil supplies will eventually push crude prices lower, though renewed conflict remains a significant upside risk. The bank raised its December Brent crude price forecast to $90 per barrel, while keeping its 2027 average Brent crude forecast at $80 per barrel. It also projects December 2024 WTI crude prices to average $81 per barrel, and 2027 WTI prices to average $73 per barrel. Goldman Sach

@tonmelonfest