How Far Can Brent and WTI Fall in an Oversupplied Market?
Yahoo Finance·2025-12-18 00:00

Last month, Goldman Sachs commodity analysts said they expected Brent crude to average 56perbarrelin2026,withWestTexasIntermediateat56 per barrel in 2026, with West Texas Intermediate at 52, citing, once again, an oversupplied market. Yet it was Goldman again that quickly adjusted its oil demand growth outlook following the International Energy Agency’s revision of peak oil demand projections. In the update, made in November, Goldman dropped its prediction of peak oil demand growth by 2034, now expecting demand to continue growing until at least 204 ...