Goldman Sachs Raises Oil Price Forecast as Middle East Conflict Escalates

Goldman Sachs has once again revised its oil price outlook, now expecting Brent crude to trade at $71 per barrel in the final quarter of the year, and WTI to average $67 per barrel over the same period, Reuters reported, citing the bank’s analysts. The investment bank’s earlier price outlook saw Brent crude at $66 per barrel in the last quarter of 2026 and WTI at $62 per barrel. At the moment, Brent crude is hovering around $100 per barrel, and WTI is above $90 per barrel. Goldman’s revision was based on an assumption that oil…