NewsSignals AI analysis·MarketWatch·Nov 2, 2026

How oil prices could average $130 per barrel next year, according to Goldman Sachs

Grade Sbullish AI signal$BRENT

Goldman Sachs warns Brent crude could average $130 per barrel in 2027 if Middle Eastern supply disruptions persist, with prices potentially reaching $140. The bank's base-case forecast is $88 per barrel, while its downside scenario sees prices falling into the $60s if Persian Gulf output recovers faster than expected; the $130 scenario assumes a 3.5 million-barrel-per-day supply shortfall versus 2025. Renewed regional conflict, shipping attacks and refinery damage could intensify oil supply disruptions and drive another major surge in crude prices.

Bullish strength: 75/100

Persistent Middle Eastern supply disruptions could push Brent to an average of $130 per barrel in 2027.
Goldman sees potential for Brent to reach $140 per barrel.
Shipping attacks and refinery damage could sustain a geopolitical risk premium.
Brent has already climbed almost 80% since the beginning of the year.

Bearish strength: 25/100

Goldman's 2027 base-case forecast is $88 per barrel.
Faster-than-expected Persian Gulf supply recovery could push Brent into the $60s.
The base case assumes global supply rises 1.1 million barrels per day above the 2025 average.

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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