GOLDMAN SACHS LOWERS 2027 AVERAGE BRENT OIL FORECAST TO $80/BBL ON HIGHER SUPPLY AND LOWER DEMAND

- Goldman Sachs lowered on Thursday its 2027 average Brent oil price forecast to $80, compared to a previous forecast of $85, citing higher supply and lower demand in the oil market.

The bank also maintained its Brent oil price forecast of $90 for the fourth quarter of 2026.