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Goldman Sachs raises December Brent forecast to $105 a barrel

Mountain Time
Local time
9:00 AM UTC
Where
Global oil markets

Goldman Sachs raised its December Brent crude forecast to $105 a barrel from $90, citing heightened threats to supply security, OilPrice.com reported, citing Bloomberg. The bank also increased its 2027 average forecast to $88 from $80 a barrel.

Why it matters

The higher forecasts give fuel buyers and energy-budget planners a more expensive benchmark for December and 2027 procurement.

Source

Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels