Oil shows negative dynamics, reflecting investors' concerns about the consequences of the trade war. WTI is trading near the $60 mark. The main triggers were fears of a slowdown in the global economy and increased supply from OPEC+. Analysts are already adjusting their long-term forecasts downward. Against this backdrop, the largest US investment bank, Goldman Sachs has again lowered its forecasts for average annual Brent and WTI oil prices for 2026, citing increased recession risks and the possibility of higher-than-expected supply from OPEC+. In an April 6 note, the bank lowered its forecast for the 2026 average WTI oil price to $55. Goldman Sachs attributes the slowdown in demand growth to the negative impact of weaker GDP, which overrides support from a weaker dollar and low oil prices.

Oil prices fell on Monday, extending last week's losses, amid escalating trade tensions between the U.S. and China, raising fears of a recession that will dampen demand. In the case of consolidation of quotations under $57-60, the risks of further decline will increase.