Goldman Sachs expects Brent crude to average $80 per barrel in 2027 as Middle Eastern oil supplies recover. The bank also raised its December 2026 forecast from $85 to $90, citing geopolitical risks. Higher production outside the Persian Gulf and weaker demand could create a global oil surplus. However, renewed regional conflict could keep prices elevated for longer than anticipated.
Goldman Sachs Predicts Brent Oil at $80 in 2027
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