Goldman Sachs predicts decline in Brent and WTI oil prices, with Brent potentially falling to $40/bbl

From Barchart: 2025-04-08 07:21:00

Goldman Sachs predicts Brent crude to drop to $62 per barrel and WTI to $58 by December 2025. By December 2026, Brent is forecasted at $55/bbl and WTI at $51/bbl, assuming U.S. tariff reductions and OPEC+ supply increases. Alternative scenarios could push prices higher or lower, with Brent potentially falling to $40/bbl in late 2026.

The primary forecast relies on U.S. tariff reductions starting April 9 and moderate OPEC+ supply increases. Declines in Brent and WTI reflect global oil price decreases due to easing demand pressures and a balanced supply outlook. Alternative scenarios could alter this forecast significantly.

Investors should monitor oil market volatility, driven by geopolitical events and tariff policy shifts. Economic indicators and U.S. policy decisions will shape oil price trajectories. Real-time data tools like the Commodities API and Economics Calendar API can help track price movements and economic events impacting oil markets.

Goldman Sachs’ revised forecast indicates declining Brent and WTI oil prices over the next two years, assuming no severe U.S. recession and moderate OPEC+ supply increases. However, potential tariff reversals or global GDP slowdowns could drastically change these projections. U.S. shale production and a mild U.S. recession play key roles in setting a realistic lower bound for oil prices.



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