Goldman Sachs Raises WTI Oil Price Forecast to $83 for Late 2026

Goldman Sachs has revised its outlook for the energy market, upgrading the price forecast for West Texas Intermediate (WTI) crude oil. The investment bank now expects the benchmark to reach $83 per barrel by the fourth quarter of 2026. This adjustment reflects growing concerns over the stability of global oil flows. While the $83 target represents the baseline expectation for the coming year, analysts suggest a more aggressive upside scenario based on current market conditions. The bank indicated that if current flow disruptions fail to normalize in a timely manner, oil prices could potentially climb as high as $100 per barrel by the end of the year. This potential spike highlights the sensitivity of the market to supply chain volatility. Such a projection typically signals bullish sentiment for energy equities and could put upward pressure on inflation expectations. Traders will be monitoring supply chain data and geopolitical developments to see if the $100 threshold becomes a realistic possibility.