Goldman Sachs highlighted symmetrical risks to its 2026 crude outlook, keeping average price projections at $83 per barrel for Oil – Brent Crude and $78 for Oil – US Crude. The bank pointed to heightened geopolitical uncertainty in the Middle East and potential disruptions to flows through the Strait of Hormuz as key variables that could push prices meaningfully above or below their base case.
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Over the past month, Brent has declined about 6.4%, while WTI is down roughly 4.3%, suggesting markets are currently discounting some demand and macro risk despite Goldman’s medium-term forecasts; 1-day technicals show Brent at Hold and WTI at Buy. Natural Gas has dropped nearly 15.0% over one month, with a 1-day signal of Sell, underscoring weaker sentiment in gas relative to oil benchmarks, even as longer-term supply and weather dynamics remain in focus.
Investors can explore more updates, prices, and analysis across global markets at Commodities.