Brent Oil Prices Expected to Fall to $68 due to Soft Demand in China
In the latest analysis, Goldman Sachs has projected that Brent crude prices are likely to undergo a significant decline due to soft demand in China. The firm anticipates that if oil demand remains flat through the end of next year, prices could plummet to $68 per barrel by late 2025. Investors are advised to keep an eye on these developments as they could affect the overall stability of global oil markets.
As crude oil prices fluctuate, understanding the implications of China’s demand is essential for stakeholders in the financial sector. If China does not ramp up its consumption, it could lead to an oversupplied market, further pressuring oil prices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.