US Stock Market: Goldman Sticks to Oil Forecast as Demand Weakness Deepens

Goldman sees softer oil demand, flags two-sided risks to 2026 price outlook

The ‌bank maintained its Brent and WTI crude forecasts for 2026 at $83 a barrel ​and $78 a barrel

US Stock Market: Goldman sticks to oil forecast as demand weakness deepens

Goldman Sachs maintained its 2026 oil price forecasts despite shifting dynamics, as weaker global demand and easing supply disruptions offset key risks. While geopolitical tensions are receding, soft consumption trends and potential supply recovery are increasing downside risks, suggesting a cautious outlook for crude prices even as markets stabilise in the near term.

Goldman Sees Softer Oil Demand, Flags Two-Sided Risks to 2026 Price Outlook - Energy News, Top Headlines, Commentaries, Features & Events

Goldman Sachs said softer oil demand and easing supply disruptions have balanced out the risks in its oil price outlook, though it kept its 2026 average forecasts unchanged. The bank maintained its Brent and WTI crude forecasts for 2026 at $83 a barrel and $78 a barrel, respectively, assuming oil flows through the Strait of ...