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Goldman Sachs predicts oil prices to drop to $53 per barrel in 2026 due to a large surplus in the market, advising investors to short oil.

WTI crude oil prices rose above $90 per barrel following reported U.S.

Oil prices edged higher as traders reacted to renewed Israeli attacks on Lebanon and the looming prospect of fresh US sanctions on Iran, both of which contribute to heightened geopolitical risk in the Middle East and concerns over oil supply.

Oil prices have surged past $100, with Brent crude reaching $116 per barrel and Murban crude at $120, causing energy-thirsty economies to feel the pinch.

The article suggests that despite oil prices reaching $100 per barrel, the shale industry is unlikely to experience a new boom, as drillers and service providers are not planning to increase activity.

Oil prices surge by 29% due to escalating Iran conflict, threatening Middle East supply and potentially disrupting oil flows for weeks.

Oil prices surged past $100 per barrel due to the escalating Iran conflict, with WTI crude and Brent crude increasing by 19.54% and 17.26% respectively.

The US gasoline price has reached its highest level under President Trump due to the Iran war, causing a surge in oil prices, with WTI Crude jumping 16% in a week.

Oil prices have fallen by 2% as US-Iran talks begin, with WTI Crude and Brent Crude trading below $65 and $70 per barrel respectively, indicating a potential decrease in demand and uncertainty in the market.

Goldman Sachs has increased its oil price forecast for the fourth quarter by $6 per barrel, citing low inventories in advanced economies, despite maintaining its view of global oversupply this year.

Oil prices dropped 3% after the International Energy Agency (IEA) cut its demand growth outlook for 2026, citing a revision from 930,000 to 850,000 barrels per day.

Oil prices have declined by 3.40% due to reduced risk premium following reports of US-Iran diplomatic talks, with WTI crude oil futures trading at $62.99.