Brent To Decline To Low $50s By Late 2026 — Goldman Sachs

Goldman Sachs expects the price of Brent crude futures contracts to decline to the low $50s a barrel by late 2026 due to an increase in the oil surplus next year.

“We expect the oil surplus to widen and average 1.8 million barrels per day in 2025 Q4 (through) 2026 Q4, resulting in a nearly 800 million barrel rise in global stocks by end 2026,” the U.S. investment bank said in a client note…