Wall Street Sees Modest Oil Price Decline Next Year on Surplus
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Oil prices have had their worst year since the pandemic, and Wall Street believes the selling isn’t over.Brent crude futures — trading near $62 a barrel — will slip further in 2026 to about $59, according to the average of forecasts from Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley. The international benchmark is down 17% this year.