Goldman Sachs: "We are nudging up our Brent 2025H2 price forecast by $5 to $66/bbl"

Goldman Sachs: "We are nudging up our Brent 2025H2 price forecast by $5 to $66/bbl"

Goldman Sachs (GS) has recently updated its Brent oil price forecast for the second half of 2025, nudging it up by $5 to $66 per barrel. This revision reflects the investment bank's assessment of current market conditions and future expectations.

The updated forecast comes amidst a backdrop of geopolitical tensions and supply-demand dynamics that have been influencing oil prices. Goldman Sachs' analysts have cited several factors contributing to the upward revision, including potential disruptions in supply from key producers and a tightening global market.

Goldman Sachs' latest forecast is a significant increase from its previous projection of $61 per barrel for the same period. This upward revision underscores the bank's confidence in the resilience of the global oil market and the potential for higher prices in the coming months.

Investors and financial professionals are closely monitoring Goldman Sachs' forecast, as the bank is known for its accurate and insightful analysis. The revised forecast may influence investment decisions and expectations for the oil market in the latter half of 2025.

References:
[1] https://finance.yahoo.com/news/goldman-sachs-gs-laps-stock-214504926.html
[2] https://oilprice.com/Energy/Crude-Oil/Why-Aramco-Cant-Win-Under-Trumps-Oil-Price-Doctrine.html