Oil Holds Gains With China Demand and Geopolitical Risk in Focus
Trump once again pressures Iran through the Houthis' attacks, causing a short-term spike in international oil prices.
① The President of the USA, Trump, stated that any further attacks or reprisals by the Houthi armed group will be met with strong retaliation, and the USA will also hold Iran accountable for any future attacks by the Houthi armed group; ② As a result of this news, international oil prices surged in the short term, and Trump has reimposed "maximum pressure" on Iran, aiming to reduce Iran's oil exports.
Goldman Sachs Lowers 2025-2026 Crude Forecasts -- OPIS
Economic growth risks combined with OPEC+ increasing production have led several major banks to predict that oil prices will fall to the 60 dollar Range.
More and more major Wall Street firms are lowering their oil price expectations, believing that oil prices will hover around the 60 dollars Range.
Goldman Lowers Oil Forecast on Slower Demand, Higher Supply -- Market Talk
Tariff shocks demand! Goldman Sachs significantly lowers oil price expectations, with Brent crude expected to drop to 71 dollars.
Due to the lowered tariffs impacting the USA's economic growth outlook, while OPEC and its allies have increased production, Goldman Sachs has downgraded its oil price forecast.
