Oil Prices Could Slip to $50 a Barrel by June
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Oil prices are projected to decline to $50 per barrel by mid-2026 due to ample supply and OPEC+ production increases, according to SBI Research. Major Wall Street banks share similar forecasts, with Goldman Sachs predicting an average of $53 per barrel for WTI Crude in 2026. The U.S. EIA also anticipates Brent prices to average $55 per barrel in early 2026, driven by rising production and lower demand. The market is expected to rebalance by 2027 after a significant supply wave.
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