OECD Stock Draw Sparks Oil Optimism as Goldman Lifts Q4 Price Forecast
We’re seeing fresh optimism in the global oil market thanks to a drop in OECD stock levels and a bullish price outlook from Goldman Sachs. Recently, oil inventories held by rich-country members of the Organization for Economic Co‑operation and Development, known as OECD stocks, have come in lower than expected. At the same time, Goldman Sachs bumped up its oil price forecasts for the final quarter of 2026. This has sent positive ripples through energy markets and investors alike, hinting at a tighter supply picture ahead.
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