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Goldman Sachs Hikes Year-End Oil Price Forecast by $6 Per Barrel
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Why This Matters
Goldman Sachs has increased its oil price forecast for the fourth quarter by $6 per barrel, citing low inventories in advanced economies, despite maintaining its view of global oversupply this year.
Market Impact
Market impact analysis based on bullish sentiment with 85% confidence.
Sentiment
Bullish
AI Confidence
85%
Time Horizon
Short Term
Article Context
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Even if it maintains the view of global oversupply this year, Goldman Sachs has raised its oil price forecast for the fourth quarter by $6 per barrel as inventories in advanced economies remain low. The Wall Street bank lifted its Q4 2026 price estimate by $6 to $60 per barrel Brent Crude and made the same upward revision of its WTI Crude price outlook, to $56 per barrel at year-end, on the back of lower-than-expected stocks in the OECD countries, according to a Sunday note cited by Reuters. Early on Monday in Asian trade, the U.S. benchmark WTI…
Original article published by
OilPrice.com
on February 23, 2026.
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Analysis and insights provided by AnalystMarkets AI.