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Goldman Sachs raised its December Brent forecast to $105 a barrel from $90 and its WTI forecast to $94. It also lifted 2027 averages to $88 for Brent and $78 for WTI.
The bank cited high supply disruption risk from the Middle East and Russia-Ukraine conflicts.
A higher forecast from a major bank signals stronger upward price expectations for crude, raising input costs for diesel, freight and fertiliser used in feed supply chains. The raised 2027 path also suggests costs stay elevated into next year.
finance.yahoo.comAveek BhowmikNov 2, 2026
cnbc.comJustina LeeNov 2, 2026
exchangerates.org.ukDave TaylorNov 3, 2026
investing.comVahid KaraahmetovicNov 2, 2026After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
