Oil prices fall as Goldman Sachs raises December Brent crude forecast to $105

Global crude lipid prices eased connected Monday, adjacent arsenic Goldman Sachs raised its December Brent crude terms forecast.

A marketplace survey by DAILY POST showed that Brent and West Texas Intermediate, WTI, crude benchmarks dropped to $108.90 and $99.73 per barrel, respectively, astatine the clip of reporting.

This means that some crude lipid benchmarks declined by 3.99 per cent and 4.22 per cent, respectively, from implicit $113 and $103 per tube recorded astatine the weekend.

DAILY POST reports that crude lipid prices person continued to fluctuate amid developments successful the Gulf portion involving Iran, the United States and Israel, pursuing respective months of conflict.

Amid crude lipid terms volatility resulting from the Middle East conflict, peculiarly tensions surrounding the Strait of Hormuz, Goldman Sachs raised its Brent crude terms forecast for December 2026 to $105 per tube from its erstwhile projection of $90 per barrel.

DAILY POST reports that the struggle successful the Gulf portion has affected the economies of respective countries, including Nigeria.

Domestic substance prices person besides continued to fluctuate amid developments successful the planetary lipid marketplace and the interaction of Dangote Refinery, Africa's largest refinery.

Currently, Nigerians bargain p...