Brent Crude Dips Below Sixty Dollars Amid Bearish Inventory Forecasts

Market Rebalancing Required

Goldman Sachs analysts suggest that barring a massive supply disruption, lower oil prices will be required in 2026 to rebalance the market. Current rallies are being sold off aggressively before Brent can sustain any move meaningfully above $62, as the global surplus narrative gains strength.

Regional Price Gravity

Regional blends like the OPEC basket ($61.22) and Louisiana Light ($60.88) confirm a downward price gravity. While Brent and WTI logged their strongest weekly gains since October last week, the long-term trend remains firmly bearish as the 2026 surplus looms.