One of the largest banks significantly raised its forecast for world oil prices

Towards the end of the year, the average price of the North Sea benchmark Brent oil will continue to remain at a high level. This was reported by Reuters with reference to the updated forecast of analysts from one of the largest banks in the world, Goldman Sachs (GS).

The previous estimate implied a December figure of $85 per barrel. Now experts expect the level to reach $90. Thus, the forecast for world oil prices was raised by $5.

A number of factors will contribute to maintaining high commodity prices, analysts say. The situation will continue to be pressured by limited supply amid widespread disruptions in Middle Eastern energy supplies through the Strait of Hormuz, as well as attacks on the war-torn region's energy infrastructure.

In the current realities, the risk premium for the delivery of raw materials, according to experts, will be slightly more than $20 per barrel compared to the pre-war level. There is no reason to expect a sharp drop in world oil prices in the current circumstances, market participants agree.