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Goldman Sachs: Oil Prices Soaring, Global Growth at Risk

Published 1 week ago
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Goldman Sachs raises oil price forecasts, predicting Brent at $71 and WTI at $67 per barrel in Q4 2026, due to a more severe supply crisis in the Strait of Hormuz. Other banks follow suit, with HSBC raising its full-year Brent outlook to $80 and Barclays warning of potential $120-$150 oil. Energy stocks surge, while broader markets face inflation risks and delayed rate cuts. The IEA calls this the largest supply shock in history, with inventories at risk of depletion.

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