News › Markets  ·  17 Oct 2026, 12:08 PM IST  ·  3 days ago

Oil prices may ease to $80 per barrel in 2027 as Middle East supply recovers: Goldman Sachs

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In one line — Goldman Sachs expects Brent crude prices to ease to $80 per barrel in 2027 as Middle Eastern supplies recover and the global oil market moves into a surplus. The bank raised its December 2026 forecast to $90 from $85 per

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Source: Economic Times · AI-summarised by Anadi · Updated 17 Oct 2026, 12:44 PM IST

What Happened

Goldman Sachs expects Brent crude prices to ease to $80 per barrel in 2027 as Middle Eastern supplies recover and the global oil market moves into a surplus. The bank raised its December 2026 forecast to $90 from $85 per barrel, citing supply recovery and weak demand.