Goldman Sachs has raised its oil price forecast for 2026 to $85 per barrel, significantly above Nigeria’s budget benchmark of $64.85.
The new projection was disclosed by Goldman Sachs commodity analysts in a note released on Sunday, amid escalating tensions in the Middle East and disruptions to global oil supply.
The latest outlook marks a notable increase from the bank’s earlier forecast, which had projected Brent crude to average $77 per barrel and West Texas Intermediate (WTI)
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