(28/04/26)

Goldman Sachs has raised its oil outlook, sharpening investor focus on inflation and the path for interest rates.

The bank now expects Brent crude to average $90 a barrel in the fourth quarter, with WTI at $83, while maintaining an upside scenario of $120 to $150 should supply disruptions intensify.

The move reinforces concerns that energy-led price pressures could complicate the case for near-term rate cuts. In markets, that favours commodity-linked sectors while weighing on rate-sensitive growth names.

For bankers, the implications are more immediate: stronger conditions for energy consolidation, infrastructure transactions and commodity financing mandates, particularly in upstream assets.