Goldman Lifts Brent Forecast, Signaling Higher Oil Prices for Longer

Goldman Sachs has again raised its oil-price outlook, now forecasting Brent around $110/bbl for March–April and lifting 2026 Brent to $85 and WTI to $79 as Hormuz disruption and tight spare capacity support prices. The bank expects prices to drift higher until the market gains confidence a lengthy disruption won’t persist, with upside risk including potential spikes above the 2008 highs in extreme scenarios, potentially near $115/bbl by late 2026.