Goldman Just Raised Its Brent Forecast to $90: 5 Energy Stocks Built for Higher Oil
Goldman Sachs raised its Q4 2026 Brent crude forecast to $90 per barrel, citing extreme inventory draws from the prolonged closure of the Strait of Hormuz tied to the US-Iran conflict. The firm recommends five U.S.-listed energy stocks structured for sustained higher oil prices.
Goldman Sachs raised its Q4 2026 Brent crude forecast to $90 per barrel on April 27, 2026. The firm cited extreme inventory draws from the prolonged closure of the Strait of Hormuz tied to the US-Iran conflict. Brent crude traded above $108 per barrel on April 27 after Iran peace talks stalled. Five U.S.-listed energy stocks are recommended for sustained higher oil prices: BP, ConocoPhillips, and Occidental Petroleum. BP reported a $3.20 billion underlying replacement cost profit in Q1 2026, with refining and trading underlying profit surging to $2.19 billion. ConocoPhillips is set to report Q1 2026 earnings on April 30, 2026, and has a target of $7 billion of incremental free cash flow by 2029.
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