Fundamental Analysis
Posted 12 hours ago
Goldman Sachs Raises Brent Crude Forecast to $105/bbl for December 2026
Goldman Sachs lifted its December 2026 Brent forecast by $15/bbl to $105 from $90, signaling sustained oil-price strength. Higher crude weighs on risk appetite and supports CAD through energy exposure; impacts EUR via inflation costs. Watch BOC speakers (Nov 3, 5) and Budget Release (Nov 5) for central-bank repricing as oil-inflation narratives feed commodity-currency positioning.
Read full story on source
Latest Updates
9 hours ago
Goldman Sachs Raises Oil Price Forecast for December and 2027
Goldman Sachs lifted its oil price forecasts for December and 2027, citing supply constraints and demand resilience. Oil moves CAD directly through crude exposure; higher energy prices also support commodity currencies and affect central-bank inflation expectations, particularly for the BOC ahead of Macklem speeches on 3 and 5 November.
https://www.cnbc.com/2026/11/02/goldman-raises-oil-price-forecasts.htmlNew to MyTradingLand?
Sign up now to get your own personalized timeline!
Join CommunityAlready have an account? Log in