Sep 8, 2026, 9:02 AMCommodities
Goldman Sachs Reverses Oil Forecast, Flags $120 Brent Crude
Goldman Sachs raised its oil-price forecasts three months after cutting them and said Brent crude could reach $120, according to a limited MarketWatch summary.
Listen to this briefingAudio briefing
Summary
Goldman Sachs analysts raised their oil-price forecasts after lowering them only three months earlier, MarketWatch reported on September 8, 2026. The report’s headline says Brent crude could reach $120 per barrel.
Only MarketWatch’s short feed summary was available. It did not disclose Goldman’s revised base forecast, the previous forecast, the potential timing or probability of $120 Brent, or the assumptions behind the reversal.
Positives
- Goldman Sachs raised its oil-price forecasts only three months after cutting them, reversing its recent bearish direction.
- Brent crude could reach $120 per barrel under the scenario highlighted by Goldman Sachs.
- The shift from forecast cuts to increases indicates Goldman’s oil-price assessment changed substantially within three months.
Risks & concerns
- Goldman Sachs lowered its forecasts only three months earlier, highlighting how quickly its oil outlook has changed.
- The available summary provides no revised base forecast, limiting comparison with Goldman’s previous estimates.
- No timing, probability, or assumptions were provided for the potential move to $120 Brent.
- The full MarketWatch article could not be extracted, leaving the reasons for Goldman’s reversal undisclosed.
Primary sourceMarketWatch.com - Top Storieshttps://www.marketwatch.com/story/goldman-sachs-reverses-engines-on-oil-price-forecasts-and-raises-the-specter-of-120-per-barrel-crude-d8da110c?mod=mw_rss_topstories
Read full article
