PremiumOvernight's fast-moving geopolitical tape has triggered a sharp unwind in crude prices, with Brent futures sliding toward $87 a barrel and WTI trading around $84 after President Trump signaled he may pause further escalation against Iran and suggested a peace deal could be close.Daan Struyven, Goldman's co-head of Global Commodities Research and head of Oil Research, wrote in a note late Thursday evening that he kept his fourth-quarter 2026 Brent forecast at around $90 a barrel, saying the oil market remains very tight as the current deficit has been smaller than feared amid the ongoing Hormuz maritime chokepoint disruption.
Goldman Cuts 2027 Brent Price Outlook As Weak Demand Offsets Hormuz Disruption
"Nudging down 2027 forecast..."
Goldman maintains Q4 2026 Brent at $90 despite cutting 2027 outlook; crude slides to $87–84 on Iran peace signals offsetting Hormuz disruption. Oil price stabilization reduces inflation risk and improves capex/opex predictability for energy-intensive cloud and data-center operations.













