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Story summary
- Goldman Sachs predicts oil prices will decline in 2026 due to a supply surplus, despite geopolitical risks from Russia, Venezuela, and Iran.
- The bank maintains Brent at $56 and WTI at $52, with Q4 lows of $54 and $50, citing a 2.3 million barrels per day surplus.
- Prices recover in 2027, averaging $58 for Brent and $54 for WTI, as supply from United States, Venezuela, and Russia increases.
