Goldman Sachs revised its oil price outlook higher, projecting Brent crude at approximately $90 and WTI at $83 in the fourth quarter due to tightening supply from the Middle East and extended disruptions linked to the Iran conflict. The upward revision reflects growing concerns over geopolitical risk premium and constrained spare production capacity, which are tightening global oil balances and supporting prices through supply-side pressures. Energy equities, particularly those with Middle East exposure, and oil-linked currencies are likely to remain sensitive to escalating regional tensions and any further supply interruptions. Traders will closely monitor the next OPEC+ meeting and U.S. inventory data for signals on whether production adjustments will offset geopolitical supply risks.
GOLDMAN LIFTS OIL OUTLOOK ON SUPPLY RISKS Goldman Sachs raised its oil forecasts, seeing Brent at ~$90 and WTI at ~$83 in Q4, citing reduced Middle East supply and prolonged disruption from the Iran war.
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