NewsSignals AI analysis·Seeking Alpha·Nov 2, 2026

Brent crude could hit $140 next year in upside scenario, Goldman analysts say

Grade Abullish AI signal$BRENT$WTI

Goldman Sachs warns Brent crude could reach $140 per barrel next year if Middle East supply disruptions persist, with an upside scenario projecting an average price of around $130. Goldman raised its forecasts to $105 for December 2026 and $88 for full-year 2027, while estimating a potential downside into the $60s if Persian Gulf production recovers faster than expected. Renewed shipping attacks, infrastructure damage or prolonged supply disruptions could drive another major oil rally, while a sustainable US-Iran peace deal could trigger substantial downside.

Bullish strength: 65/100

Goldman sees potential for Brent to reach $140 per barrel.
Persistent Persian Gulf supply disruptions could sustain a significant geopolitical risk premium.
Goldman raised its December 2026 Brent forecast from $90 to $105.
Goldman raised its 2027 average forecast from $80 to $88.
Goldman expects a 1 million barrel-per-day global supply disruption allowance in 2027.

Bearish strength: 35/100

Brent could fall into the $60s if Persian Gulf production recovers faster than expected.
A sustainable US-Iran diplomatic agreement could reduce supply disruption risks.
Crude futures plunged more than 6% amid renewed peace negotiation hopes.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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