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Goldman Sachs forecasts Brent averaging about $76 per barrel in 2025 within a $70-85 range. The bank expects a moderate short-term rise before prices settle back due to high OPEC+ spare capacity.
A forecast with moderate prices and ample spare capacity suggests limited sustained energy cost pressure for feed freight and biofuel-linked vegetable oil demand.
goldmansachs.comJan 9, 2025After 54 past neutral macro events, Crude Oil (Brent) moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% over 20.
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.
