Goldman Sachs Raises Oil Price Forecasts – Picks 7 Winners Among Energy Stocks - ConocoPhillips (NYSE:COP), Cenovus Energy (NYSE:CVE)
Published on March 23, 2026.
Goldman Sachs has increased its oil price forecasts across the board, expecting Brent crude to average around $80, $100, $90, and $80 per barrel across 2026 quarters, up from $75 per barrel for 2027. The bank also highlighted four Permian-focused exploration and production companies, including ConocoPhillips (COP), Cenovus Energy (NYSE:COP) and Ovintiv Inc. as key oil companies. Goldman Sachs has raised its price target to $23 from $22, suggesting a 15% upside from current levels.
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