Goldman Sachs raises 2026 Brent crude average price forecast by $8 to $85 a barrel

March 22 (Reuters) - Goldman Sachs late on Sunday raised its 2026 average price forecast for Brent crude oil to $85 per barrel from $77, and raised its West Texas Intermediate (WTI) forecast to $79/bbl from $72.

"Due to uncertainty around the duration of the shock and assuming that Hormuz flows remain at 5% through April 10, prices are likely to trend higher over that period until the market gains confidence that a lengthy disruption is unlikely," the brokerage said in a note.