Reuters reporting remarks from Goldman Sachs:
- Estimates a peak hit to 2025 oil prices of $11/bbl as a result of weaker GDP and oil demand in scenario where US imposes across-the-board tariff of 10% on goods imports
- We still forecast a $75-90 range for Brent given our base cases of trend-like growth in GDP and oil demand (under steady US policies), and OPEC+ market balancing"
- "The next US president will have limited tools to significantly boost 2025 oil supply"
