# Brent Crude, WTI Oil Price Forecasts: Goldman Puts Oil At $108 For Q4 2026

> Goldman Sachs forecasts Brent at $108 for Q4 2026 and $98 for January to March 2027, while front-month Brent traded near $91.79. Saudi Arabia reported October output of 10.6 million barrels per day, its highest since the Iran war began, and Hormuz traffic remains about 65% below pre-war levels.

- Date: 2026-11-12 · published 2026-11-12T15:09:38.394Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/95667-brent-crude-wti-oil-price-forecasts-goldman-puts-oil-at-108-for-q4-2026
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A bank forecast well above spot prices signals expected tightness, though recovering Saudi output and Yanbu exports cap near-term upside. Energy costs remain a key input for feed and fertilizer.

## Read by commodity

- WTI: neutral
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-01-30 | [Crude oil prices today: WTI, Brent rise after IMF forecast](https://feedsoft.ai/events/32274-crude-oil-prices-today-wti-brent-rise-after-imf-forecast.md) | -5.5% | +0.1% |
| BRENT | 2024-01-26 | [Crude oil prices today: WTI, Brent on pace for weekly gain](https://feedsoft.ai/events/32275-crude-oil-prices-today-wti-brent-on-pace-for-weekly-gain.md) | -2.4% | +2.9% |
| BRENT | 2024-01-18 | [Oil prices rise on global demand forecasts, US crude stock draw](https://feedsoft.ai/events/32278-oil-prices-rise-on-global-demand-forecasts-us-crude-stock-draw.md) | +3.5% | +5.9% |
| BRENT | 2024-04-09 | [Morgan Stanley lifts Q3 Brent crude oil forecast on geopolitical risk](https://feedsoft.ai/events/30899-morgan-stanley-lifts-q3-brent-crude-oil-forecast-on-geopolitical-risk.md) | -0.6% | -8.3% |
| BRENT | 2026-04-30 | [Global energy costs rise as Iran war affects Brent crude oil price \| AP News](https://feedsoft.ai/events/19893-global-energy-costs-rise-as-iran-war-affects-brent-crude-oil-price-ap-news.md) | -15.3% | -21.9% |
| WTI | 2020-06-19 | [Over-Correcting a Low Crude Oil Price Environment \| Breakthrough \| Breakthrough](https://feedsoft.ai/events/52822-over-correcting-a-low-crude-oil-price-environment-breakthrough-breakthrough.md) | -0.3% | +4.5% |
| WTI | 2025-03-19 | [US Fed meeting: ⁠How will FOMC meeting impact gold and crude oil prices? \| Stock Market News](https://feedsoft.ai/events/25475-us-fed-meeting-how-will-fomc-meeting-impact-gold-and-crude-oil-prices-stock.md) | +3.0% | -8.5% |
| WTI | 2017-12-01 | [Crude oil prices to be under pressure in first half of 2018: S&P](https://feedsoft.ai/events/67647-crude-oil-prices-to-be-under-pressure-in-first-half-of-2018-s-and-p.md) | -1.5% | +5.3% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/47755/2026-11-12-brent-crude-wti-oil-price-forecasts-goldman-puts-oil-at-108-for-q4-2026.html

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