Goldman Sachs, a leading investment bank, has recently adjusted its oil price predictions for the latter halves of 2024 and 2025. In a note released on Tuesday, the bank anticipates that the present geopolitical risk premium, which has been contributing to higher oil prices, will gradually decline over the coming months. As a result, Goldman Sachs has revised its Brent crude oil price forecasts upwards. This move reflects the bank’s belief that the elevated geopolitical risk premium, currently estimated to be in the range of $5 to $10 per barrel, will moderate as market conditions stabilize.
Goldman Sachs Raises Brent Oil Price Forecasts for H2 2024 and 2025
