west texas intermediate

Latest news and articles about west texas intermediate from NEX English

Goldman Sachs Cuts Oil Price Forecasts for 2026

Goldman Sachs has lowered its oil price forecasts for the second quarter of 2026, predicting that Brent crude will reach <strong>$90</strong> per barrel and West Texas Intermediate will hit <strong>$87</strong> per barrel. This adjustment reflects changing global economic conditions and their impact on energy markets.

Surge in West Texas Intermediate Prices Amid Global Refinery Competition

West Texas Intermediate (WTI) crude oil prices have surged to record highs due to intense competition between Asian and European refineries. This spike comes as oil supplies from the Middle East face disruptions due to ongoing conflicts.