Goldman Sachs cuts 2026 oil price forecast amid market volatility

12h ago

Goldman Sachs has reduced its oil price forecast for the second quarter of 2026. The adjustment reflects ongoing market uncertainties. This comes even as global demand projections remain uncertain.

Revised Price Forecast

Goldman Sachs has adjusted its oil price forecast for the second quarter of 2026, citing market volatility. The bank now expects Brent crude prices to average $85 per barrel, down from the previous estimate of $90. This revision comes as the energy sector faces fluctuating demand and supply dynamics.

Market Reactions

The announcement by Goldman Sachs has prompted reactions across the energy markets. Oil futures saw a slight decline following the revised forecast. Analysts from JP Morgan and Morgan Stanley are also reassessing their projections in light of the new data.

What's Next

OPEC is scheduled to meet next month to discuss production levels. It remains unclear how these forecasts will influence their decisions.

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Goldman Sachs cuts 2026 oil price forecast amid market volatility

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Goldman Sachs cuts 2026 oil price forecast amid market volatility

Revised Price Forecast

Market Reactions

What's Next

Perspectives

Read more

Perspectives

Read more