Goldman Sachs raises Brent and WTI crude oil price forecasts by $5

Goldman Sachs: Increases Brent/WTI crude oil price forecast by $5 to $85/$80 per barrel for December 2026, and raises the 2027 forecast from $80/$75 per barrel to $80/$75 per barrel. If average crude oil production in the Gulf region in 2027 is 4 million barrels per day lower than pre-war levels, Brent crude oil prices may exceed $120 per barrel.