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Business & Economics

Goldman cuts oil price forecasts amid tariff fears, higher OPEC+ supply

Reuters
Summary
Nutrition label

78% Informative

Goldman Sachs lowers forecast for Brent crude's average price this year by 5.5% to $ 69 a barrel.

Goldman Sachs also cuts 2026 average price forecast for WTI by 6.3% and Brent crude at $ 69.59 .

The brokerage said it now expects oil demand to grow by only 600,000 barrels per day this year .

VR Score

90

Informative language

98

Neutral language

26

Article tone

formal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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