Reported about 23 hours ago
Goldman Sachs has lowered its price target for Brent crude oil to $71 per barrel for December 2025, citing expectations of slower economic growth influenced by President Trump's tariffs. Oil prices have dropped over 3% year-to-date, reflecting concerns over U.S. GDP growth and increased supply from OPEC+. The shift in focus comes as economic forecasts are revised due to disappointing data and uncertainties surrounding trade policies.
Source: YAHOO