Lates News

date
12/05/2025
The rise in oil prices is influenced by the US-China trade talks. Analysts at Goldman Sachs stated in a report that despite the boost in optimism due to trade policies, oil prices have partially rebounded from recent lows. However, they predict that the prices of Brent and WTI crude oil may slightly decrease further in the remaining time of 2025, with average prices of $60 per barrel and $56 per barrel, respectively. This forecast is based on the following assumptions: OPEC's last increase in supply in July, strong global supply growth excluding OPEC, Russia, and US shale oil, slowing demand, but the US avoiding an economic recession. Goldman Sachs states that the abundance of idle capacity and concerns about an economic recession exacerbate the mid-term downside risks for oil prices.