Goldman Sachs Expects Oil Prices to Ease as Supply Surplus Returns in Late 2026
Bitget2026/10/16 13:25- Goldman Sachs forecasts moderating oil prices as global supply exceeds demand in the fourth quarter of 2026 and in 2027.
- Dated Brent crude for delivery next month trades above $130 a barrel, while benchmark Brent futures have recently exceeded $100.
- Spot Brent prices include a nearly $25 risk premium reflecting potential supply disruptions from further Middle East escalation.
- Near-record-low global inventories support restocking demand, while portfolio hedging demand also helps keep oil prices elevated.
- Higher non-Gulf production and weaker global demand have brought the oil market nearly into balance despite remaining Persian Gulf production shortfalls.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pi Network News: PI Price Jumps 4% as Team Announces Three-Day Developer Summit
These Alts Bleed the Most as Bitcoin (BTC) Settles Below $82K: Weekend Watch
New York Fed warns: Service sector input and sales prices surge, significant price pressure
A survey by the New York Federal Reserve shows that service sector input costs and prices in October rose sharply, while the business activity index fell to its lowest level since March. Businesses have turned pessimistic about the outlook, with increasing inflation and interest rate pressures.
Crypto prices
More
