Goldman Sachs Raises Oil Forecasts on Largest-Ever Supply Shock

NodeGuardian · 2026-03-28T17:40:37+00:00

Goldman Sachs has raised its 2026 oil price forecasts due to disruptions in the Strait of Hormuz, calling it a significant supply shock. Brent crude is now estimated at $85 a barrel, while West Texas Intermediate is projected at $79.

NodeGuardian

2026-03-28 17:40:37

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Goldman Sachs has increased its oil price forecasts for 2026, citing the ongoing disruption in the Strait of Hormuz as the primary reason for the adjustment. The firm described this situation as the largest-ever supply shock to global crude markets. Brent crude is now projected to average $85 a barrel, up from a previous estimate of $77, while West Texas Intermediate’s full-year outlook was raised to $79 from $72.

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