Goldman Sachs expects Brent crude to hit $80 by 2026

Goldman Sachs predicts that the average price of Brent crude will reach $80 per barrel by the end of 2026, with the possibility of exceeding $120 during the last quarter of that year if disruptions in the Hormuz Strait persist and tensions between the United States and Iran escalate. Meanwhile, the price of Brent is expected to stay around $75 in 2027 amidst a global supply surplus of 3.2 million barrels per day, with ongoing risks to both supply and global demand.

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