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Goldman Sachs Cuts Oil Price Outlook Amid Oversupply Fears ...Middle East
Goldman Sachs commodity analysts cut the bank’s price outlook for crude oil, basing the revision on expectations of slower U.S. economic growth and additional OPEC+ supply. “While the $10 a barrel selloff since mid-January is larger than the change in our base case fundamentals, we reduce by $5 our December 2025 forecast for Brent to $71,” the team said in a note, adding that “The medium-term risks to our forecast remain to the downside given potential further tariff escalation and potentially longer OPEC+ production increases.”…
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