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Goldman Sachs cuts oil price forecast to $80 Brent after Gulf peace deal, matching current market levels

Market News
16 Jun 2026
Market Watch
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Neutral
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Goldman Sachs has lowered its oil price forecast to $80 per barrel for Brent crude by the end of 2026 following the announcement of a peace agreement to end hostilities in the Persian Gulf. This new target aligns closely with current market prices, indicating that the market has already factored in the positive impact of the peace deal. The adjustment reflects expectations of a more stable geopolitical environment, which typically reduces risk premiums on oil prices. Investors should watch for how this stability influences oil supply and demand dynamics going forward.

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Purecore signs LOI to option 100% of Yurchison uranium property in Canada's Athabasca Basin

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Point closes $508.6M HEI securitization, largest ever in home equity investment class

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Reactive hot melt adhesives market to reach $4.29B by 2035, driven by automotive and furniture demand.

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