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🛢️ Oil Price Outlook for 2026
The U.S. Energy Information Administration (EIA) forecasts that Brent crude oil prices will average around $59 per barrel in 2026, down from approximately $65.85 in 2025. This decline is attributed to increased global oil production outpacing demand growth, leading to higher inventories and downward pressure on prices.
Similarly, Goldman Sachs projects Brent crude to average $58 per barrel in 2026, citing factors such as increased supply from OPEC+ and potential global economic slowdown.
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