Goldman Sachs raises oil price forecast, warns of increasing supply risks

Goldman Sachs has raised its oil price forecasts for the end of this year and 2027 due to rising risks in crude oil supply. Analysts expect Brent crude oil prices to reach $105 per barrel in December, up from the previous forecast of $90. The market is factoring in the risks of escalating situations following the U.S. midterm elections on November 3.