Goldman Sachs Says WTI Could Drop to $50

OilPrice · Irina Slav · last updated January 11, 2026 – 9:27 PM

West Texas Intermediate could drop all the way to $50 per barrel towards the end of this year, Goldman Sachs energy analysts said in a note that cited an expected market imbalance with excess supply that would put pressure on benchmarks. At the same time, the investment bank’s analysts noted the role of geopolitics as a counterweight for prices, according to a Reuters report. “Rising global oil stocks and our forecast of a 2.3mb/d surplus in 2026 suggest that rebalancing the market likely requires lower oil prices in 2026 to slow down…

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