# Goldman raises oil price forecast

> 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.

- Date: 2026-11-02 · published 2026-11-02T03:07:54.034Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/74648-goldman-raises-oil-price-forecast
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-04-15 | [Bullish forecast for oil prices as Middle East tensions rise](https://feedsoft.ai/events/65725-bullish-forecast-for-oil-prices-as-middle-east-tensions-rise.md) | +1.4% | +4.9% |
| WTI | 2023-10-13 | [Oil, Treasuries, gold prices jump amid Mideast fears \| Reuters](https://feedsoft.ai/events/9281-oil-treasuries-gold-prices-jump-amid-mideast-fears-reuters.md) | +7.8% | -8.1% |
| WTI | 2026-05-27 | [Canola prices are rising on forecasts of high oil prices by the end of the year.](https://feedsoft.ai/events/19358-canola-prices-are-rising-on-forecasts-of-high-oil-prices-by-the-end-of-the-year.md) | +0.7% | -16.4% |
| WTI | 2023-05-25 | [GOLDMAN SACHS GROUP \| Oil prices rise $3 as China suspends fuel exports (updated)](https://feedsoft.ai/events/36136-goldman-sachs-group-oil-prices-rise-3-as-china-suspends-fuel-exports-updated.md) | -5.7% | -7.2% |
| WTI | 2018-09-24 | [Bullish forecast for oil as Brent touches $80 per barrel](https://feedsoft.ai/events/63237-bullish-forecast-for-oil-as-brent-touches-80-per-barrel.md) | +3.4% | -2.3% |
| BRENT | 2018-04-15 | [Bullish forecast for oil prices as Middle East tensions rise](https://feedsoft.ai/events/65725-bullish-forecast-for-oil-prices-as-middle-east-tensions-rise.md) | +2.0% | +6.0% |
| BRENT | 2023-10-13 | [Oil, Treasuries, gold prices jump amid Mideast fears \| Reuters](https://feedsoft.ai/events/9281-oil-treasuries-gold-prices-jump-amid-mideast-fears-reuters.md) | +6.4% | -7.2% |
| BRENT | 2026-05-27 | [Canola prices are rising on forecasts of high oil prices by the end of the year.](https://feedsoft.ai/events/19358-canola-prices-are-rising-on-forecasts-of-high-oil-prices-by-the-end-of-the-year.md) | -1.3% | -19.1% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/energy/articles/uso-uco-slide-brent-retreats-070724268.html
- cnbc.com: https://www.cnbc.com/2026/11/02/goldman-raises-oil-price-forecasts.html
- exchangerates.org.uk: https://www.exchangerates.org.uk/news/47661/2026-11-03-goldman-raises-its-brent-oil-forecast-to-105-wti-crude-to-94.html
- investing.com: https://www.investing.com/news/commodities-news/goldman-hikes-oil-prices-forecast-on-high-supply-disruption-risks-4990063

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.