Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
8 April | Oil

Oil could fall below $40 — Goldman Sachs

Brent
WTI Light Crude Oil
Oil could fall below $40 — Goldman Sachs

Goldman Sachs analysts have warned of a possible decline in Brent oil prices below $40 per barrel by the end of 2026 under negative circumstances. Such a forecast is possible with a slowdown in global GDP growth and OPEC+ refusal to cut production.

As the bank's experts note, the oil price is under pressure, experiencing the impact of trade disputes and growing supply in the market. The bank's baseline forecast assumes a price of $55 per barrel at the end of next year. However, OPEC+ decisions to increase production after a long period of output cuts create additional risks for the market.

According to Bloomberg, the situation remains highly unstable amid the confrontation of the world's largest economies. Recently, the price of Brent oil fell to a four-year low, reaching $65 per barrel.

Elizaveta Kuzʹmiceva MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator remained at the same level of 186.4K
Yesterday at 7:30 PM
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 465 to 461
Yesterday at 5:03 PM
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 566 to 563
Yesterday at 5:03 PM
Oil on track for second weekly decline amid expectations of another OPEC+ output hike
Yesterday at 11:03 AM
Actual increase in OPEC+ oil supply may be less than announced
Yesterday at 6:44 AM
Top news
United States. PCE price index (YoY). The value of the indicator has decreased from 2.3% to 2.1%
Yesterday at 12:30 PM
United States. Core PCE Price Index (YoY). The value of the indicator has decreased from 2.7% to 2.5%
Yesterday at 12:30 PM
Technical indicators point to possible bitcoin price correction – 10xResearch
Yesterday at 11:50 AM
Reuters says Trump may resort to other tariff options to circumvent US court ruling
Yesterday at 11:43 AM
Bloomberg forecasts weak S&P 500 growth in June after May's 6.2% surge
Yesterday at 11:41 AM
All news

Forecasts

AUDCAD sell
Period: 02.06.2025 Expectation: 450 pips
AUDCAD seen retreating to 0.88400
Chart analysis Indicators Fundamental analysis
Yesterday at 11:36 AM 36
Jason_O_Brien
GBPUSD buy
Period: 06.06.2025 Expectation: 1400 pips
GBPUSD strengthens amid trade negotiations and weak US data
FA Other Technical analysis TA Other Indicators Fundamental analysis
Yesterday at 11:00 AM 36
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva
Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Brent buy
Period: 13.06.2025 Expectation: 350 pips
Lack of unexpectedness during OPEC+ meeting can support Brent crude
FA Other Hot news Chart analysis
Yesterday at 09:36 AM 49
John_Bullard
S&P 500 sell
Period: 06.06.2025 Expectation: 1500 pips
Selling SPX on rising US consumer inflation
Indicators and reports Chart analysis
Yesterday at 09:20 AM 26
Bruce_Powers
ETHUSD buy
Period: 13.06.2025 Expectation: 30000 pips
Buying ETHUSD with $3000 target with resistance breakout underway
FA Other Technical analysis TA Other Indicators Fundamental analysis
29 May 2025 72
Emily_Foster
Natural gas sell
Period: 30.05.2025 Expectation: 100 pips
Natural gas depreciates due to temporary halt of Freeport LNG facility in Texas
Chart analysis Indicators
29 May 2025 48
Jason_O_Brien
Go to forecasts