Oil prices could surge to $100 per barrel by the end of this year if global supply flows do not return to normal soon, according to Goldman Sachs.
Analysts at the investment bank have raised their forecast for West Texas Intermediate crude to $83 a barrel by the fourth quarter of 2026.
The updated outlook reflects growing concerns over persistent disruptions in oil production and export channels. Disruptions have kept markets tight despite broader economic uncertainties.
Goldman Sachs noted that a failure to restore normal flows could push prices significantly higher. The bank’s projection highlights a wider gap between supply and demand than previously expected.
The $100 threshold would mark a substantial increase from current trading levels. Such a rise could impact global inflation and put pressure on central banks.
Geopolitical tensions in key producing regions remain a primary driver of supply risks. Analysts warned that any further instability could accelerate price gains.
The forecast serves as a reminder of the fragility in oil markets. Short-term disruptions can quickly alter long-term price expectations for traders and consumers alike.
