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G Sachs Expects Oil Price Declines to Continue into Next Yr
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Given the rising risk of an economic recession and increases in OPEC+ oil supply, Goldman Sachs predicted oil price declines to persist through the end of 2025 and into 2026. In the broker's estimate, Brent/ New York oil futures will hit US$63/ US$59 per barrel for the remainder of this year and US$58/ US$55 in 2026. Brent oil futures for June delivery and New York oil futures for May delivery last dropped by around 0.5% to US$64.45 and US$61.2 respectively. AAStocks Financial News |
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