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Goldman Sachs Cuts Q4 Brent Crude Forecast to $80 from $90 per Barrel

2026-06-24 17:49:22

According to Goldman Sachs global commodities research, the bank cut its fourth-quarter Brent crude oil price forecast to $80 per barrel from $90 last week. Daan Struyven, co-head of the research team, said oil bulls underestimated the decline in crude prices following Iran tensions easing and misjudged the system's flexibility. He noted global crude supply increased 3 million barrels year-over-year as of May, driven by strong growth from regions including the U.S. and Brazil.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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