Brent seen at $90–$120 as 14.5 mb/d Gulf shock drains inventories
- Posted on April 28, 2026
- By Financial Express
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- 1 min read
In brief
Goldman Sachs projects Brent crude could reach $90-$120 per barrel in Q4 2026, driven by significant supply disruptions in the Persian Gulf region. With approximately 14.5 million barrels daily capacity affected, global oil inventories face substantial depletion. This forecast reflects heightened geopolitical tensions and supply constraints that are reshaping the energy market outlook. Analysts expect sustained price pressure as demand recovery outpaces supply normalization.
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Brent seen at $90–$120 as 14.5 mb/d Gulf shock drains inventories
Goldman Sachs raises Brent crude forecast to $90 per barrel for Q4 2026 as Persian Gulf supply disruptions tighten global oil markets.
