business

Goldman Sachs Lowers Fourth-Quarter Crude Oil Price Forecast to $80

24 Haziran 2026Bloomberg

Goldman Sachs has revised its fourth-quarter crude oil price forecast down to $80 per barrel. Daan Struyven, co-head of global commodities research, cites three key reasons for this decline, particularly following a recent interim peace agreement between the US and Iran.
He emphasizes that market participants have not fully recognized the flexibility present in global oil markets amid geopolitical tensions.
The oil market has been under significant pressure due to geopolitical tensions, particularly involving the US and Iran. The interim peace agreement has shifted market perceptions, leading analysts to reassess their forecasts.
The adjustment in Goldman Sachs' crude oil forecast reflects a broader trend of volatility in the energy sector, influenced by geopolitical developments. The unexpected peace agreement between the US and Iran has seemingly alleviated some supply concerns, prompting a reevaluation of oil price projections.

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