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28.11.25 - 21:21
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Wall Street Warns Of A Deepening Oil Glut In 2026 (ZeroHedge)
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Wall Street Warns Of A Deepening Oil Glut In 2026
Authored by Charles Kennedy via OilPrice.com,
Reuters' monthly poll shows analysts expect WTI to average $59 in 2026 and Brent $62.23 amid persistent oversupply.
Executives warn U.S. shale will stagnate or decline if WTI stays in the $50–$60 range.
Goldman Sachs forecasts even lower prices and says the oil market won't rebalance until 2027 after a final major supply wave.
Oversupplied markets will keep oil prices under pressure next year, and the U.S. benchmark will average below $60 per barrel, the monthly Reuters poll of analysts and economists showed on Friday.
The U.S. benchmark, WTI Crude, is expected to average $59 per barrel in 2026, according to the poll of 35 analysts and economists. That's lower compared to the $60.23 per barrel forecast in last month's survey.
The analysts expect Brent Crude, the international benchmark, to average $62.23 per barrel next year, down from $63.15 forecast in the Reuters poll in Oc...
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