Goldman Sachs raised its oil price forecast again, now to $105 per barrel Goldman Sachs raised its forecast, citing "material" risks to the IPO. The Brent forecast for December 2026 was immediately increased to $105 compared to the previous $90 per barrel. WTI (December 2026) rose to $94 (previously $81). The average price of Brent in 2027 rose to $88 (previously $80), and the WTI price in 2027 to $78 (previously $73). GS explained this decision by saying that the market is pricing in the risk of escalation in the Middle East after the US mid-term elections on November 3. Other factors mentioned were threats of attacks on tankers, damage to infrastructure and uncertainty surrounding the settlement with Iran. In addition, in the baseline scenario for 2027, the bank included a possible reduction in global supply by 1 million bpd due to conflicts in the Middle East and around Ukraine. However, the increase in the forecast does not mean that Goldman is registering a physical shortage of oil. According to the bank, in October a significant part of the price increase (about $27 per barrel) was due to the geopolitical risk premium, and not the real deficit.