Goldman Sachs Cuts Oil Price Outlook Once Again ...Middle East

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Goldman Sachs Cuts Oil Price Outlook Once Again
source : OILPRICE ( Middle East ) () 58
Goldman Sachs has reduced its outlook for oil prices for the third time since the start of April, now expecting Brent crude to average $63 this year and $58 in 2026. The bank sees WTI at an average of $59 per barrel this year, falling to $55 in 2026, Reuters reported. The update follows one from April 4, when Goldman slashed its 2025 outlook for Brent and WTI by 5.5% and 4.3%, respectively, to $69 for a barrel of Brent crude and $66 for a barrel of West Texas Intermediate. Then, on April 6, the bank cut its 2026 outlook for the oil benchmarks.…

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