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Goldman Sachs kept its 2026 average forecasts at $83 for Brent and $78 for WTI, saying softer demand and easing disruptions balance risks. The bank assumes Hormuz flows normalize gradually by mid-May.
A faster peace deal could push prices lower in the near term.
A forecast that assumes normalizing Hormuz flows implies lower energy prices ahead, which reduces diesel and fertilizer costs for feed production. Forecast balance suggests no sharp directional change in the outlook.
reuters.comApr 17, 2026After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), 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.
Goldman's view of softer demand and gradual Hormuz normalization reinforced the bearish sentiment and possible lower near-term prices.
