Goldman Hikes Oil-Price Forecasts on ‘Substantial’ Supply Risks

The revision reflects 'substantial' supply concerns as the Middle East conflict continues to disrupt oil markets. Other banks have similarly adjusted their outlooks upward in recent months.

The prolonged war has created persistent uncertainty in global energy markets, with traders closely monitoring developments that could further constrain production and transportation routes.

Market Impact

The forecast increase signals growing confidence among major financial institutions that oil prices will remain elevated through next year, potentially affecting inflation and economic growth worldwide.