Wall Street Breakfast Goldman sees oil sliding into 2026
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Apr 14, 2025 Goldman Sachs predicts a significant drop in oil prices through 2026 due to a supply glut. Meanwhile, Sony raises PS5 prices in Europe and other regions amid tariff risks. On a brighter note, tech stocks experience a rebound thanks to exemptions from Trump-era tariffs. Additionally, concerns over a potential recession are impacting market sentiments.
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Oil Price Forecast
- Goldman Sachs predicts oil prices will decline through 2026 due to a potential recession and increased OPEC+ supply.
- They project Brent and WTI to average $63 and $59 per barrel this year, falling to $58 and $55 next year.
PlayStation 5 Price Hike
- Sony has raised PlayStation 5 console prices by about 25% in Europe and the UK, now costing 500 euros and 430 pounds respectively.
- This price hike is attributed to inflation and challenging economic conditions, but the PS5 Pro's price remains unchanged.
Tech Stock Rally
- Tech stocks rallied after the Trump administration temporarily exempted certain electronics imported from China from tariffs.
- Apple saw a significant pre-market rise, but analysts caution that growth expectations remain high and consumer spending might decline.