Reported about 17 hours ago
Goldman Sachs forecasts that Brent crude prices will drop to the low $50s per barrel by late 2026 due to an anticipated increase in oil surplus next year, averaging 1.8 million barrels per day. The bank expects a significant rise in global oil stocks, particularly in OECD countries, which will contribute to a decline in Brent's fair value from its current mid-$70s level.
Source: YAHOO