Oil prices expected to fall in 2026 as Wall Street sees ‘oversupply punishment’ at risk of returning to COVID levels

Oil prices expected to fall in 2026 as Wall Street sees ‘oversupply punishment’ at risk of returning to COVID levels

Commodity strategists at major Wall Street investment banks expect 2026 and 2027 to be difficult years for the oil industry. And that’s after a nearly 20% drop in oil prices this year. According to a base case set by JPMorgan’s commodities team led by Natasha Kaneva, Brent crude oil (BZ=F), the international benchmark price, will…

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Rally in China AI stocks has room to advance as valuations lag those of US giants, says Goldman Sachs

Rally in China AI stocks has room to advance as valuations lag those of US giants, says Goldman Sachs

China’s AI-led stock rally is far from a bubble, as the country’s technology companies still have room to expand valuations and profits through their focus on applications, according to Goldman Sachs’ chief China equity strategist. China’s approach of investing more capital in AI applications, as opposed to the US strategy of focusing on computing power,…

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