Oil price forecast 2026 the latest oil price forecast 2026

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The latest oil price forecast 2026 models from Goldman Sachs point to $95 per barrel, reflecting tighter supply amid geopolitical risks in the Middle East and reduced shale investment in the U.S., a potential catalyst for strong performance in energy ETFs and commodities-linked funds. Imperial Oil expects to generate annual savings of $150 million following its restructuring, it said in the statement. In other cost-cutting efforts, Imperial Oil last year cut upstream expenses by $3 per barrel, Bloomberg noted in a report on the news, and plans to cut them further this year. Putin: Oil Prices Could Soar Past $100 Without Russian Crude Market watchers view oil price forecast 2026 as an inflation hedge, with rising prices likely to support value-oriented energy stocks over growth sectors in mixed macroeconomic conditions.

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