Goldman Slashes Oil Price Forecast as Demand Outlook Dims ...0

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Goldman Slashes Oil Price Forecast as Demand Outlook Dims
source : OILPRICE ( Middle East ) () 39
Goldman Sachs cut its oil price forecast for 2025 by 5.5% for Brent crude and by 4.3% for West Texas Intermediate citing OPEC+ decision to bring more production back in May and the tariff barrage that President Trump unleashed this week, which the bank expects will cause a global recession. The bank’s analysts now expect Brent crude to average $69 per barrel this year and WTI to average $66 per barrel. The benchmarks have been trading around these levels earlier today. Goldman did not stop there, however, expecting the doom and gloom to persist…

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