Goldman cuts Brent forecast and eyes $70-85 range for 2025

Goldman has cut it’s average 2025 Brent forecast by $5.

I think yesterday’s developments in oil markets shows how futile price targets are when it comes to volatile assets like oil (for all assets to be fair).

WTI futures are currently trading close to $77 per barrel after yesterday’s solid push higher, which got within reach of the 200DMA sitting at around $77.77.

This article was written by Arno V Venter at www.forexlive.com.