Goldman Sachs lowered its oil price forecasts after President Trump announced an interim deal that would lift the U.S. blockade and reopen the Strait of Hormuz following a scheduled signing on Friday, with the bank now assuming Persian Gulf exports normalize to pre-war levels by the end of July, a month earlier than its prior assumption of end-August.
The bank cut its fourth-quarter 2026 Brent forecast to $80 a barrel from $90 previously, and its 2027 average forecast to $75 from $80. WTI is now expected to average $75 in the fourth quarter of 2026 and $70 in 2027.
Source :Investing.com