Goldman Sachs oil price forecasts:
Brent crude (2025 average): $60 per barrel
WTI crude (2025 average): $56 per barrel
Brent crude (2026 average): $56 per barrel
WTI crude (2026 average): $52 per barrel
Goldman Sachs expects OPEC+ to deliver one last production increase of 410,000 barrels per day in August before keeping output steady from September onward, according to a note published Sunday.
The bank held to its conservative outlook on oil prices, citing robust supply growth outside U.S. shale as a key factor behind weaker price expectations.
This article was written by Eamonn Sheridan at www.forexlive.com.