Goldman cuts oil price forecasts amid tariff fears, higher OPEC+ supply
ReutersApr 4, 2025 1:17 AM
April 4 (Reuters) - Goldman Sachs has lowered its annual average forecasts for Brent and WTI crude oil prices, citing tariff escalation and somewhat higher OPEC+ supply.
"Our annual average forecasts are now $69/66 (a barrel) for Brent/WTI in 2025 and $62/59 in 2026, which is $4 below forward-curve implied 2026 annual averages," the bank said.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
[Reuters Breakingviews] Trump kicks all of Asia into the China tariff boat
HONG KONG, April 3 (Reuters Breakingviews) - Donald Trump’s second trade war is a battle of one against all. Reciprocal tariffs announced on Wednesday by the White House hit China with a hike of 34 percentage points, taking the fresh levies on exports from the People’s Republic up 5...Reuters
Thu, Apr 3
Ray Dalio’s Warning on “Unsustainable” US Debt: What Investors Need to Know
Tradingkey - So far in 2025, it has been a roller coaster ride for investors. The rally in US stock markets post-President Trump’s election quickly fizzled out as markets realised he was serious about imposing punitive tariffs on both allies and strategic competitors.TradingKey
Thu, Mar 27
EUR/JPY Price Forecast: Remains capped below the 100-day EMA near 159.50
The EUR/JPY cross loses traction to around 159.40 during the early European session on Friday.FXStreet
Fri, Mar 7
An Overview of US Labour Reports: A Guide to Nonfarm Payrolls(NFP) & Market Impact
TradingKey - When it comes to US economic data, the Nonfarm Payrolls (NFP) is indeed one of the most significant indicators. This employment report, covering more than 90% of the employed population in the U.S., often causes significant fluctuations in US stocks, foreign exchange, and gold on the...TradingKey
Fri, Mar 7
US Dollar Outlook 2025: Will Investors Be Buying or Selling the Greenback?
TradingKey - Foreign exchange (FX) is a massive market. Daily, almost US$7 trillion in FX is traded, making it one of the biggest (and most liquid) markets in the world. Currencies also impact everything from businesses’ margins to trading relationships. In other words, they are impactful. The biggeTradingKey
Mon, Dec 30
