Goldman Sachs is raising its oil price forecast on Middle East supply risks

What happened: Goldman Sachs raised its oil price forecasts, citing Middle East supply risks. Key numbers: December Brent forecast lifted to $105 a barrel from $90. 2027 Brent average raised to $88 from $80. Why it matters: The revisions signal the bank expects tighter supply conditions to support higher crude prices than previously assumed. Coverage: 4 outlets in 24h

Goldman Sachs raised its oil price forecasts, citing Middle East supply risks.

The revisions signal the bank expects tighter supply conditions to support higher crude prices than previously assumed.