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Goldman Sachs significantly raises its oil price forecasts for 2026-2027, but lowers its outlook for 2028.
Goldman Sachs significantly raised its oil price forecasts for 2026-2027, increasing its Q4 2026 Brent crude forecast from $95/barrel to $108/barrel, and its WTI crude forecast from $85/barrel to $96/barrel. The bank also raised its 2027 Brent crude forecast from $80/barrel to $88/barrel, and its WTI crude forecast from $73/barrel to $78/barrel. For Q1 2027, Goldman Sachs now expects Brent crude at $98/barrel and WTI crude at $87/barrel. However, Goldman Sachs lowered its 2028 forecasts, reducing Brent crude to $73/barrel and WTI crude to $66/barrel.
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