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Goldman Sachs sees downside risks to its 2025 and 2026 average Brent forecasts. The bank cites OPEC+ plans to raise output in April, softer US activity data and tariff escalation.
Lower Brent expectations point to weaker energy costs and possibly softer biofuel margins, which can pressure vegetable oil prices. Demand softness from tariffs also weighs on broader commodity sentiment.
reuters.comMar 4, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
