Goldman Sachs lowered its forecast for Brent crude's average price this year by 5.5% to $69 a barrel and for WTI prices by 4.3% to $66, citing the risks of higher OPEC+ supply and the global trade war triggering a recession.

Goldman Sachs has revised its forecast for Brent crude oil's average price for the year, lowering it by 5.5% to $69 per barrel.

Markets were stunned when OPEC when chose not only to go ahead with its plans to raise oil production, but also to nearly triple the expected increase figure.

136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 458.09 USD 1 Barrel = 336 Pint Oil (WTI) Price Per 1 Pint 0.19 USD Energy Price of oil (Brent Crude and WTI) The price of oil is the most ...

The crude oil market has fallen hard again on Friday, as the markets continue to look at the very real possibility of a global recession in the near future. With this, the market has broken a major three year support barrier.

Oil continued its dive into Friday—Brent dropped below $66, WTI scraped $62—and if you’re thinking, hey, haven’t seen those levels since 2021, you’re not wrong. Today’s WTI prices are not sustainable for some US producers.

Oil prices tumbled Thursday amid worries about an escalating trade war from Trump's tariffs, as OPEC and its allies sped up plans to increase output and unwind supply cuts.

Oil prices were down nearly 2% on Friday, and on track for the worst week in months over U.S. President Donald Trump's new tariffs, stoking concerns that a global trade war could hurt oil demand. Brent futures fell $1.