Barclays Maintains Goldman Sachs(GS.US) With Buy Rating, Maintains Target Price $720
Goldman Sachs lowers oil price forecasts due to the possibility of OPEC+ continuing to increase production.
Goldman Sachs has lowered its oil price forecast, stating that it expects OPEC+ to continue increasing production at an accelerated pace, with an anticipated increase of 0.411 million barrels per day in July, the same as the increases announced for May and June. Goldman Sachs Analysts noted: "Last Saturday, OPEC+ decided to continue increasing production by 0.411 million barrels per day in June, which has boosted our confidence that the new benchmark production rate is likely to be 0.411 million barrels per day." As a result, the bank expects the average price of Brent crude oil for the remainder of 2025 to be $60 per barrel, and $56 per barrel for 2026, down from previous expectations of $63 and $58 respectively.
Was Jim Cramer Right About Goldman Sachs Group (GS)?
Overview of international financial hot topics from last night to this morning_ May 3, 2025_ Financial news.
To view more global financial News, please move to the 7×24 hour real-time financial news market close: the S&P index has set a record for the longest consecutive rise in 20 years, with market attention on data and trade negotiation prospects. On May 2, the top 20 trading volumes of US stocks: Apple fell 3.7%, and the Earnings Reports highlight tariff and growth concerns. On Friday, China Concept Stocks rose broadly, with Taiwan Semiconductor up 3.81% and Alibaba up 4.35%. This week, Brent crude oil plummeted 8.3%, and Crude Oil fell 7.5%. Spot Gold fell 2.4% this week, and the Philadelphia Gold and Silver Index cumulatively declined over 3.5%. European stocks rose for nine consecutive days, nearing recovery of losses since the announcement of US tariffs.
Overnight news: U.S. stocks closed higher, Trump announced the 2026 budget plan, Bezos plans to sell $4.8 billion worth of Amazon stocks, Barclays and Goldman Sachs expect the Federal Reserve to lower interest rates in July.
To view more global financial News, please move to the 7×24 hour real-time financial news market close: the S&P index has set a record for the longest consecutive rise in 20 years, with market attention on data and trade negotiation prospects. On May 2, the top 20 trading volumes of US stocks: Apple fell 3.7%, and the Earnings Reports highlight tariff and growth concerns. On Friday, China Concept Stocks rose broadly, with Taiwan Semiconductor up 3.81% and Alibaba up 4.35%. This week, Brent crude oil plummeted 8.3%, and Crude Oil fell 7.5%. Spot Gold fell 2.4% this week, and the Philadelphia Gold and Silver Index cumulatively declined over 3.5%. European stocks rose for nine consecutive days, nearing recovery of losses since the announcement of US tariffs.
10-Q: Q1 2025 Earnings Report
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, Tariffs Exempt Apple, Nvidia: Can Buy Now? Hope this helps a little in navigating the volatility!