On March 17, Goldman Sachs lowered its Brent crude oil price forecast for December 2025 by $5 to $71/barrel (WTI crude oil forecast is $67/barrel), revised the average price forecast for Brent crude oil in 2026 to $68/barrel (WTI crude oil is $64/barrel), and now expects oil demand to grow by 900,000 barrels/day in 2025 (previously expected to be 1.10 million barrels/day).