On October 11, local time, Goldman Sachs raised the December Brent crude oil price forecast by 5 US dollars to 90 US dollars per barrel, citing rising supply risks in the Middle East region. The bank maintained its 2027 average Brent crude oil price forecast unchanged at $80 per barrel. Goldman Sachs analysts said that the gradual adjustment of supply in the Middle East may eventually push oil prices back down, but if the regional situation escalates again, it will still bring significant upward risks. Crude oil exports from the Persian Gulf have returned to the 2025 average, and the global oil market was roughly in balance between supply and demand in September. However, supply risks, low inventories, physical inventory demand, and financial hedging demand still support oil prices.

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