Goldman Sachs Lowers Oil Price Forecast for 2026 and 2027

KuCoinFlash

Release Time: 06/16/2026 03:06:54

Summary

On June 16, 2026, Goldman Sachs lowered its oil price forecasts after Trump announced a temporary agreement to ease sanctions and reopen the Strait of Hormuz. The firm now expects Brent crude to average $80 in Q4 2026 and $75 in 2027, down from $90 and $80, respectively. WTI is projected to average $75 in Q4 2026 and $70 in 2027. Traders are monitoring the Fear & Greed Index for shifts in market sentiment, while altcoins under observation remain under pressure amid broader adjustments in energy prices.

BlockBeats news, June 16: Goldman Sachs has issued its latest forecast: “Following Trump’s announcement of a provisional agreement and the subsequent lifting of U.S. sanctions and reopening of the Strait of Hormuz on Friday, we have lowered our oil price forecast. Although the full details of the agreement remain unclear, we currently assume that Persian Gulf exports will return to pre-war levels by the end of July (previously estimated for the end of August).”

We have lowered our forecast for Brent crude oil in Q4 2026 to $80 (previously $90) and our average price forecast for 2027 to $75 (previously $80). The average WTI crude oil price is expected to be $75 per barrel in Q4 2026 and $70 per barrel in 2027.

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.