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Oil Prices to Fall to $59 in 2026 Amid Persistent Oversupply
ByAinvest
Friday, Nov 28, 2025 2:31 pm ET1min read
Oil prices are expected to remain under pressure in 2026, with the US benchmark, WTI Crude, averaging $59 per barrel and Brent Crude averaging $62.23 per barrel, according to a Reuters poll. Industry executives warn that US shale production will stagnate or decline if WTI stays in the $50-$60 range. Goldman Sachs forecasts even lower prices, with WTI averaging $53 per barrel in 2026 and the market rebalancing in 2027.
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