Goldman Just Raised Its Brent Forecast to $90: 5 Energy Stocks Built for Higher Oil

Goldman Sachs raised its Q4 2026 Brent crude forecast to $90 per barrel from $80, citing extreme inventory draws caused by the prolonged closure of the Strait of Hormuz amid the ongoing US-Iran conflict. The update implies tighter global oil supply and a $10 per barrel upward revision, which could support energy prices and broader commodity markets. Given the geopolitical supply shock, the news has potential market-wide implications for oil and shipping routes.

Analysis

Goldman Sachs raised its Q4 2026 Brent crude forecast to $90 per barrel from $80, citing extreme inventory draws caused by the prolonged closure of the Strait of Hormuz amid the ongoing US-Iran conflict. The update implies tighter global oil supply and a $10 per barrel upward revision, which could support energy prices and broader commodity markets. Given the geopolitical supply shock, the news has potential market-wide implications for oil and shipping routes.