Goldman Sachs Lowers Oil Price Forecasts Amid Expected OPEC+ Output Increase

Goldman Sachs has revised down its oil price forecasts to reflect the anticipated increase in OPEC+ supply starting in July. The Wall Street bank now expects Brent crude to average $60 per barrel and WTI to average $56 per barrel for the remainder of 2025 — down from previous projections of $63 and $59, respectively. […]