Goldman Sachs has lowered its average price expectation for Brent crude oil in 2025 by $5 per barrel.

On August 27th, Jinshi Data reported that Goldman Sachs lowered the average expected price range of Brent crude oil in 2025 by $5 per barrel. The bank stated in a report that the Brent crude oil price range has been lowered to $70-85 and the estimated average price of Brent crude oil in 2025 has been lowered from $82 to $77. Due to concerns about the expansion of the Middle East conflict and the closure of oil fields in Libya causing supply concerns, oil prices fell during the Asian session on Tuesday after rising more than 7% in the previous three trading days.

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