Reuters
05 Jun 2026, 21:28 UTC · 1h ago
Goldman Sachs says global oil demand takes big hit, sees risks to price forecast
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Reuters
05 Jun 2026, 21:28 UTC · 1h ago
Top 1 mover · tap to explore
Story key points
2 claims · impact-rated
Goldman Sachs reports that global oil demand has declined more than previously expected. — Lower-than-expected demand typically puts downward pressure on crude oil prices and suggests economic slowing.
-0.60Goldman Sachs maintains a Q4 2026 price forecast of $90 for Brent and $83 for WTI crude. — These targets provide a long-term bullish anchor despite the immediate demand concerns.
+0.20Ticker attribution
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The company is providing a market analysis and forecast rather than reporting on its own financial performance.
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