Goldman Sachs on Monday raised its Brent oil price forecast for the second half of 2025 by $5 to $66 per barrel due to supply disruption risks, lower stocks in Organisation for Economic Co-operation and Development countries and rising concerns about Russia’s production constraints.
The bank also increased its forecast for U.S. West Texas Intermediate (WTI) crude for the second half of 2025 by $6 to $63 a barrel, while keeping its 2026 outlook unchanged for Brent and WTI at $56 and $52, respectively, according to the note.
(Reporting by Noel John in Bengaluru; Editing by Mark Porter)