Goldman Sachs Trims Oil View: What's Next for Energy Stocks?
GSGoldman Sachs(GS) ZACKS·2024-08-28 22:46

The Goldman Sachs Group (GS) has lowered its forecast for oil prices, projecting a range of 70to70 to 85 per barrel for Brent crude in 2025, with an average price of $77. This adjustment reflects a growing caution in the market, driven by weaker-than-expected Chinese demand, higher U.S. shale production, and stable global inventories. As the energy sector braces for potential headwinds, Goldman’s outlook points to several key factors that could influence oil prices and the broader market in the years ahead.Wh ...