{
  "id": 17792222,
  "title": "Goldman Sachs Sees Oil at $105 by December",
  "url": "https://urgent.news/2026/11/02/goldman-sachs-sees-oil-at-105-by-december",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T12:01:55.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/11/02/goldman-sachs-sees-oil-at-105-by-december/"
  },
  "original_language": "en",
  "account": "Goldman Sachs has revised its forecast for Brent crude oil, projecting an average price of $105 per barrel by December, an increase from the previous estimate of $90. This represents a nearly 17 percent rise. Analysts at the bank pointed to growing risks in oil supply as the reason for the upward revision. The bank also raised its forecast for 2027, now expecting an average price of $88 per barrel, up from $80 earlier. ANZ, UBS and other banks have also raised their respective oil price forecasts for 2026 and 2027. The higher oil price projections come despite the recent return of oil flows from the Persian Gulf to pre-war levels. Goldman Sachs warned in September that oil could again climb to $120 per barrel. Analysts say that only a peace deal between Iran and the United States can bring down oil prices sustainably. The chances of such a deal by the end of the year are considered slim, despite recent talks between Iranian and Qatari officials. Pakistan, which imports most of its oil, would feel the impact of a $105 Brent price on petrol and diesel prices at home. The government recently reduced the petrol levy to keep fuel prices stable, but higher crude costs could make this more challenging in the future.",
  "summary": "Goldman Sachs has raised its forecast for Brent crude oil and now expects the price to average $105 per barrel … Read More The post Goldman Sachs Sees Oil at $105 by December appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}