GOLDMAN SACHS ON OIL: WE NOW EXPECT WTI TO AVERAGE $75/BBL IN 2026 Q4 AND $70/BBL IN 2027

June 16 (Reuters) - Goldman Sachs late on Monday lowered its fourth-quarter Brent crude oil price forecast to $80 from $90 earlier and cut its 2027 average Brent oil price forecast to $75 from $80, after U.S. and Iran signed a preliminary agreement to end their war.

It now assumes that Gulf exports will "normalize to pre-war levels by the end of July (vs. end of August previously)," the bank said in a note.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.