Goldman Sachs Forecasts Brent Crude Oil Prices to Drop to Low $50s Per Barrel by Late 2026 Amid Oil Surplus

Goldman Sachs has forecasted that Brent crude oil prices will decline to the low $50s per barrel by late 2026. This projection is based on expectations of a swelling oil surplus in the market. The investment bank's bearish outlook reflects concerns over supply dynamics affecting global oil prices over the next year and a half.