BusinessPhoto: News18Hi BusinessCrude Oil Near $110; Goldman Sachs Predicts Price Drop by 2027
On October 20, crude oil prices in the international market approached $110 per barrel due to Middle East attacks and uncertainty over US decisions on Russian oil supply. Prolonged high prices may increase India's import bill, transport costs, and inflation. Goldman Sachs forecasts Brent crude prices to fall to $90 per barrel by December 2026 and average $80 per barrel in 2027 as Middle East supply improves.
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