Goldman Sachs lowered Q4 Brent forecast from $90 to $80, expects a surplus of over 3 million barrels/day next year, with average Brent at $75 and downside risk to $60. Key drivers: weak Chinese crude imports, improving flows through key chokepoints, potential OPEC+ production increases (especially UAE targeting 5M bpd), and structural demand shifts from China's EV adoption. Product markets (gasoline, diesel) may tighten faster due to damaged Gulf refinery capacity.
Yields
NDX
RUT
explicit
Metals
USD
Brent cautious down
Goldman Sachs
9.0
Investment Bank $2500.00B
Samantha Dart 9.0
Investment Bank $2500.00B
Samantha Dart 9.0
Oil; Brent; WTI
6/25/2026 9:59:06 PM
wti
We lowered our forecast for Q4 this year from $90 a barrel to $80 a barrel for Brent and Ti just $5 below at 75. Average for next year at 75. Downside risk to $60.
| 6/17/2026 8:14:57 PM | short term down | 5 days later | -4.43% | +4.43% |
| 6/17/2026 6:24:11 PM | short term down | 5 days later | -4.43% | +4.43% |
| 6/16/2026 12:04:49 AM | short term sharp down | 5 days later | -2.57% | +3.85% |
| 5/19/2026 3:31:58 PM | medium term cautious up | 20 days later | -10.24% | -5.12% |
| 5/18/2026 2:18:22 PM | short term up | 5 days later | -10.36% | -10.36% |
| 5/18/2026 1:45:35 PM | short term up | 5 days later | -10.36% | -10.36% |
| 4/29/2026 1:22:14 PM | short term sharp up | 5 days later | -2.66% | -4.00% |
| 4/29/2026 1:16:02 PM | medium term up | 20 days later | -6.48% | -6.48% |
| 4/28/2026 5:35:52 PM | short term sharp up | 5 days later | -0.43% | -0.65% |
| 4/28/2026 4:05:03 PM | short term sharp up | 5 days later | -0.43% | -0.65% |
| 4/28/2026 2:02:43 AM | short term sharp up | 5 days later | -0.43% | -0.65% |
| 4/25/2026 1:12:14 AM | medium term cautious up | 21 days later | +12.75% | +6.38% |
| 4/23/2026 5:28:36 PM | short term cautious up | 5 days later | +13.22% | +6.61% |
| 4/23/2026 5:25:28 PM | short term sharp up | 5 days later | +13.22% | +19.83% |
| 4/9/2026 1:59:49 PM | short term sharp up | 5 days later | -5.47% | -8.20% |
| 4/1/2026 6:40:33 PM | long term up | 60 days later | -17.37% | -17.37% |
| 3/27/2026 9:31:06 AM | short term up | 7 days later | +9.26% | +9.26% |
| 3/24/2026 3:04:57 PM | medium term up | 20 days later | +1.06% | +1.06% |
| 3/24/2026 8:45:15 AM | medium term up | 20 days later | +1.06% | +1.06% |
| 3/20/2026 4:06:06 PM | short term sharp up | 7 days later | +16.74% | +25.10% |
| 3/19/2026 6:22:02 PM | medium term up | 20 days later | -0.46% | -0.46% |
| 3/18/2026 10:29:20 AM | short term up | 5 days later | -3.94% | -3.94% |
| 3/7/2026 3:00:38 PM | short term cautious up | 5 days later | +8.59% | +4.30% |
| 3/7/2026 2:01:06 AM | short term cautious up | 5 days later | +8.59% | +4.30% |
| 3/6/2026 6:25:25 PM | short term sharp up | 5 days later | +8.59% | +12.89% |
| 3/6/2026 3:21:00 PM | short term up | 5 days later | +8.59% | +8.59% |
| 1/30/2026 6:19:23 AM | medium term cautious down | 21 days later | +6.71% | -3.36% |
| 1/13/2026 10:26:30 AM | medium term down | 20 days later | +1.92% | -1.92% |
| 12/19/2025 7:26:29 PM | medium term down | 21 days later | +2.57% | -2.57% |
| 11/26/2025 10:19:54 AM | medium term cautious down | 20 days later | -5.35% | +2.67% |
| 10/31/2025 3:16:06 PM | medium term down | 21 days later | -3.62% | +3.62% |
| 9/29/2025 2:12:26 PM | short term down | 6 days later | -1.09% | +1.09% |
