Goldman Sachs says oil could average $130 a barrel next year if Middle East disruptions persist

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Goldman Sachs says oil could average $130 a barrel next year if Middle East disruptions persist
PrimeXBT Editorial Team
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Goldman Sachs says oil prices could average $130 a barrel next year if Middle East output keeps facing disruptions. The bank's base case for Brent crude is lower, at $88 a barrel in 2027.

Goldman Sachs sees oil averaging $130 a barrel next year if supply from the Middle East continues to face disruptions.

Analysts at the investment bank, led by head of oil research Daan Struyven, wrote in a Sunday note that supply from the region is currently recovering. However, they flagged a high risk of reductions.

The $130 figure is a disruption scenario, not the bank's central forecast. Goldman's base case is for Brent crude to average $88 a barrel in 2027.

Source: MarketWatch (snippet-based)

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