According to BeInCrypto, Goldman Sachs raised its December Brent crude oil forecast to $105 per barrel. The increase represents a 17% rise from the October estimate of $90 per barrel. Brent prices were recorded at $110.40 on November 2, meaning the updated forecast is approximately 5% below the market level at that time. The revision reflects heightened concern about supply disruptions.
A comparable adjustment was made for West Texas Intermediate (WTI) crude, with Goldman Sachs setting its December WTI forecast at $94 per barrel. This follows the broader pattern of adjusting both Brent and WTI outlooks in response to ongoing supply risk factors.
