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Market Impact: 0.25

Goldman Sachs raises oil price forecasts on tight supply

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Energy Markets & PricesCommodities & Raw MaterialsAnalyst EstimatesGeopolitics & War

Goldman Sachs raised its Q4 oil forecasts to $90 per barrel for Brent crude and $83 for WTI, citing lower output from the Middle East. The update is supportive for oil prices and reflects tighter supply expectations rather than demand strength. Impact is likely limited to energy markets and related commodities.

Analysis

Goldman Sachs raised its Q4 oil forecasts to $90 per barrel for Brent crude and $83 for WTI, citing lower output from the Middle East. The update is supportive for oil prices and reflects tighter supply expectations rather than demand strength. Impact is likely limited to energy markets and related commodities.

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Market Sentiment

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mildly positive

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