Goldman Sachs sees final OPEC+ hike in August, cuts 2026 Brent forecast to $56

Goldman Sachs oil price forecasts:

• Brent crude (2025 average): $60 per barrel

• WTI crude (2025 average): $56 per barrel

• Brent crude (2026 average): $56 per barrel

• WTI crude (2026 average): $52 per barrel

Goldman Sachs expects OPEC+ to deliver one last production increase of 410,000 barrels per day in August before keeping output steady from September onward, according to a note published Sunday.

The bank held to its conservative outlook on oil prices, citing robust supply growth outside U.S. shale as a key factor behind weaker price expectations.

This article was written by Eamonn Sheridan at www.forexlive.com.