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<Research>G Sachs Raises 2026 Brent Oil Avg. Price Forecast to US$85/ Barrel, Expects Recovery in Transport Vol. to Take Time
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Goldman Sachs released a research report raising its 2026 average price forecasts for Brent oil/ WTI oil from US$77/ US$72 per barrel to US$85/ US$75 per barrel. The broker also lifted its 4Q26 price forecasts to US$80/ US$75 per barrel each. The main factors include a significant decline in commercial oil inventories and a long-term rise in oil prices after risk adjustments for effective spare capacity in the market. Goldman Sachs currently assumed that transport volume through the Strait of Hormuz will maintain only 5% of normal levels for six weeks, with a gradual recovery expected to take one month. Furthermore, market awareness of the risks associated with highly concentrated production and spare capacity could lead to a structural increase in strategic inventories and long-term prices. AASTOCKS Financial News Website: www.aastocks.com |
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