Global Market: Goldman Sachs raises December Brent oil price forecast to $90 on supply risks

Goldman Sachs has increased its forecast for the price of Brent oil in December 2026 to $90 per barrel. This upward revision is due to concerns about supply risks in the Middle East, where production cuts could impact global oil supplies. The higher price forecast is significant for markets, as it could lead to increased costs for companies that rely on oil and potentially affect consumer prices for goods and services.

Why it matters

Goldman Sachs has raised its December 2026 Brent crude price forecast to $90 per barrel, citing supply risks in the Middle East. This increase in forecasted oil prices could lead to higher revenue for oil producers and higher costs for consumers.

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