Reported about 11 hours ago
Goldman Sachs has revised its oil price forecasts downwards, citing reduced expectations for US economic growth due to tariffs and an increase in output from OPEC and its allies. The firm reported a $5 decrease in their December 2025 Brent oil forecast to $71 per barrel as the overall outlook worsens amid weak demand, especially from China, and escalating trade tensions. Despite some bearish sentiment in the market, Goldman anticipates a modest recovery in oil prices in the near future, forecasting average Brent prices around $68 for the next year.
Source: YAHOO