Fuel / NEWS UPDATE
Goldman Sachs Raises December Brent Oil Price Forecast to $105
Published · 1 min read
Goldman Sachs has raised its December Brent oil price forecast to $105 per barrel, a 17% increase from its previous estimate of $90.
The firm cites heightened supply security risks. For next year, Goldman expects Brent to average $88 per barrel, up from $80. Other banks, including ANZ and UBS, also predict higher prices, with ANZ forecasting $105 by the end of 2026 and UBS at $110 for the current year. A peace deal between Iran and the U.S. is seen as the only factor that could lead to lower prices.