Goldman Sachs raises its 2026 Q4 Brent oil forecast by USD 6 to USD 60/bbl
Newsquawk Staff ·
Goldman Sachs raises its 2026 Q4 Brent oil forecast by USD 6 to USD 60/bbl.
What it means
Goldman Sachs' upward revision of its Q4 2026 Brent oil forecast by USD 6 to USD 60/bbl suggests stronger demand expectations or tighter supply forecasts in the medium term. This update may indicate a more bullish outlook for oil prices, which could influence inflation expectations and the performance of oil-sensitive currencies, particularly the CAD and NOK. Traders should monitor broader market reactions as this adjustment might impact energy sectors and commodity currencies.
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