Goldman Sachs raises oil price forecasts amid Gulf supply concerns

Global oil prices could surge in 2026 as supply risks intensify in the Persian Gulf, AzerNEWS reports, citing Goldman Sachs. Citing potential disruptions to fuel shipments from the region, the bank has revised its price forecasts upward for both Brent crude oil and West Texas Intermediate (WTI). Goldman Sachs now expects Brent crude to average $85 per barrel in 2026, up from its previous estimate of...

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