Goldman Sachs projects a more balanced oil outlook as weaker demand and reduced supply disruptions offset each other, while it keeps its 2026 average price targets unchanged at $83 per barrel for Oil – Brent Crude and $78 for Oil – US Crude. The bank emphasizes two-sided risks around these levels, hinging on global growth trends and uninterrupted flows through key chokepoints such as the Strait of Hormuz.
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Over the past month, Brent has fallen about 17%, U.S. crude is down just over 10%, while Natural Gas has declined roughly 16%, reflecting cooling demand expectations and fading supply fears. Technically, Brent shows a short-term Buy signal, WTI is rated Hold, and natural gas screens as Sell, highlighting divergent near-term momentum across the complex.
Investors can explore more updates, prices, and analysis across global markets at Commodities.