Goldman Sachs has revised its outlook on oil prices, citing potential OPEC+ production increases, weakening U.S. economic data, and escalating trade tensions as key downside risks.
Goldman Sachs Oil Price Forecast
The investment bank expects:

Brent crude to average $78 per barrel in 2025 and $73 in 2026
West Texas Intermediate (WTI) crude to average $74 per barrel in 2025 and $68 in 2026

However, the bank noted that a larger-than-expected oil output increase by OPEC+ in April could push prices even lower.
Key Factors Affecting Oil Prices
?? OPEC+ Production Increases

OPEC+ plans to increase oil production by 138,000 barrels per day in April
The group could extend production hikes beyond the expected four-month period, which may drive Brent prices into the low-to-mid $60s by end-2026

? Weaker Demand Outlook

U.S. economic weakness could reduce oil consumption
China’s sluggish oil demand further pressures global demand forecasts
Trade tensions—especially Trump’s tariff threats—may disrupt global energy markets

Market Monitoring Tools
? Stay updated on oil prices and market movements using:

Commodities API – Track real-time oil price fluctuations
Economics Calendar API – Monitor key economic indicators affecting oil demand

Investor Takeaway
With OPEC+ output increasing, economic uncertainty, and trade risks, oil prices could face further downside in 2025-26. Investors should closely watch OPEC+ decisions, economic data, and demand trends for potential market shifts.