Goldman Lifts Oil Price Forecast on Longer Hormuz Disruption

Core Viewpoint - Brent crude oil prices are projected to average $85 per barrel this year, an increase from the previous forecast of $77 per barrel [1] - The U.S. oil benchmark, West Texas Intermediate, is now expected to average $79 per barrel, up from an earlier estimate of $72 per barrel [1] Summary by Category - Brent Crude Oil Forecast - The average price is revised to $85 per barrel for the current year, reflecting a significant upward adjustment from $77 [1] - West Texas Intermediate Forecast - The average price is now anticipated to be $79 per barrel, an increase from the prior forecast of $72 [1]