Goldman Sachs Cuts Oil Price Outlook Amid Oversupply Fears ...Middle East

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Goldman Sachs Cuts Oil Price Outlook Amid Oversupply Fears
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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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