Goldman Sachs expects oil prices to decline through 2026
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Goldman Sachs forecasts a significant decline in oil prices due to weak global economic growth, escalating US-China trade tensions, and potential OPEC+ supply increases. The bank expects Brent and WTI oil prices to drop, averaging $63 and $59 per barrel in 2025, and further declining to $58 and $55 in 2026.
April 14, 2025 | 2:45 am
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The Bank of New York Brent Oil ETF (BNO) is likely to experience price decline based on Goldman Sachs' bearish oil price outlook through 2026.
Goldman Sachs' forecast of declining oil prices directly impacts the Brent Oil ETF. The predicted large market surpluses and potential price drops to $40 range suggest significant downward pressure on BNO's value.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80