Reported 9 days ago
Goldman Sachs forecasts that Brent crude prices could reach $62 per barrel and WTI prices $58 by December 2025, depending on U.S. economic conditions and OPEC+ supply levels. If the U.S. faces a recession, Brent might drop to $58 by December 2025 and $50 by December 2026. The firm revises its forecasts amidst heightened recession risks and potential increases in OPEC+ output, suggesting oil prices could fall significantly under adverse scenarios.
Source: YAHOO