Goldman Sachs Lowers 2026-27 Oil Price Outlook as Middle East Supply Recovery Gains Momentum

Goldman Sachs has cut its Brent crude oil price forecast for the fourth quarter of 2026 to USD 80 per barrel from USD 90 earlier, citing an expected faster recovery in Middle East oil supply following a deal to reopen the Strait of Hormuz.In its latest Oil Analyst report, Goldman

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