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Goldman Sachs Hikes Q2 Brent Oil Price Forecast by $10
Market Intelligence Analysis
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Why This Matters
Goldman Sachs has increased its Q2 Brent oil price forecast by $10 to $76 per barrel, citing depleting oil inventories in advanced economies due to halted flows via the Strait of Hormuz. This change also affects the WTI Crude forecast, which is now expected to average $71 per barrel. The move indicates a bullish outlook on oil prices.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The all but halted flows via the Strait of Hormuz will deplete oil inventories in advanced economies, prompting a rise in oil prices, Goldman Sachs said on Wednesday as it hiked its second-quarter projections for Brent prices by $10 to $76 per barrel. The U.S. investment bank also raised significantly the forecast for WTI Crude for the second quarter, expecting the U.S. benchmark price to average $71 per barrel between April and June, up by $9 a barrel compared to the previous projection. Early on Wednesday in Asian trade, oil prices…
Original article published by
OilPrice.com
on March 4, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.