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2025-07-15 12:48:40 Brent oil future prices have snowballed by more than 10% over the past three months, according to a report from Goldman Sachs. The broker raised its forecast for Brent oil prices in 2H25 by USD5 to USD66 per barrel, while maintaining its prediction of a supply surplus (Brent/ WTI down to average USD56/ USD52 per barrel in 2026). In addition, while global inventories increased as Goldman Sachs anticipated and the broker kept unchanged its forecast of a supply surplus averaging 1 million barrels per day in 2025, OECD stocks, which have a more immediate impact on prices than global inventories, were lower than expected mainly due to more inventories in non-OECD countries and on water builds. ~ AAStocks Financial News Web Site: www.aastocks.com | |