Goldman Sachs predicts oil prices could drop to $50 range by year-end due to recession.

From Yahoo Finance: 2025-04-08 11:23:00

Goldman Sachs analysts predict that oil prices could drop further if the global economy dips into a recession due to tariffs. Forecasting Brent to average $62 and WTI $58 by 2025, prices may fall to the $50’s by year-end. In a worst-case scenario, Brent could plummet below $40. Despite Trump’s aim to lower energy prices, Citi sees a $60 floor on Brent, believing OPEC+ may want to protect the US shale industry. On Tuesday, crude prices bounced back over 1% as traders assessed the impact of tariffs and OPEC output increases. Wall Street analysts warn of a high risk of recession if tariffs remain in place.



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