Goldman Sachs: Mid-term risk for oil prices is biased downwards.

Affected by the Sino-US trade talks, oil prices are rising. According to analysts at Goldman Sachs, despite the optimistic sentiment surrounding trade policies, oil prices have partially rebounded from recent lows. However, the prices of Brent and WTI crude oil may further slightly decrease for the remainder of 2025, with average prices of $60 and $56 per barrel respectively. This forecast is based on the assumption that OPEC last increased supply in July, strong global supply growth excluding OPEC, Russia, and US shale oil, slowing demand, but the US avoids an economic downturn. Goldman Sachs has stated that the substantial idle capacity and concerns about economic recession have heightened the mid-term downward risk for oil prices.