Institutions such as Goldman Sachs and Morgan Stanley recently raised their short-term oil price forecasts. Among them, Goldman Sachs raised the Brent crude oil forecast for December 2026 to $90 per barrel, and Morgan Stanley raised the Brent forecast for the fourth quarter of 2026 and the first quarter of 2027 by about $5; J.P. Morgan previously abandoned the benchmark forecast due to difficulties in modeling the Middle East conflict, and the current spot price is significantly higher than its early judgment.

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