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Goldman Sachs lowers oil price forecast amid tariff risks and spare capacity

Goldman Sachs has adjusted its Brent oil price forecast downward by $5 to a range of $65-80 per barrel, citing risks from tariff escalations and high spare capacity. Despite a slight recovery in prices, the bank notes that geopolitical developments may lead to increased supply from Russia, impacting market dynamics. As of the latest reports, Brent crude futures are at $70.44 per barrel, while U.S. West Texas Intermediate crude is at $66.75.
reuters.com
United States Dollar The Goldman Sachs Group Inc RUS Anjana Anil Rahul Paswan
Finance & Economy, Market Report
05:16 19.03.2025
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