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Add as a preferred source on GoogleGoldman Sachs Lifts December Brent Forecast to $105 a Barrel
The bank also raised its broader oil outlook for year-end and 2027 as crude-supply concerns grew and markets priced in post-election escalation risk.
Goldman Sachs raised its December Brent projection to $105 a barrel from $90, while lifting its wider oil outlook for year-end and 2027.
The change comes as concerns about crude supply increase. Markets are also factoring in a risk of escalation after the Nov. 3 U.S. midterm elections.
The bank's earlier outlook put December Brent at $90 a barrel and projected a 2027 average of $80. TokenPost covered that earlier forecast.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.