Wall Street investment bank Goldman Sachs (GS) says U.S. President Donald Trump wants to see oil prices as low as $40 to $50 a barrel.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Goldman Sachs has made the claim after analyzing the president’s social media posts regarding oil prices. In a note to clients, Goldman energy analyst Daan Struyven says that Trump “has always been focused on oil and on U.S. energy dominance, having posted nearly 900 times” on the subject.
The report from Struyven goes onto say that, based on Trump’s social media posts, the president’s “inferred preference for WTI appears to be around $40 to $50 a barrel…” West Texas Intermediate (WTI) crude oil, the U.S. standard, is currently trading at $63.26 per barrel, down 12% on the year. Brent crude oil, the international benchmark, is trading at $66.17 a barrel.
Lower Energy Prices
In his social media posts, President Trump talks consistently of the need for lower energy prices, and references everything from OPEC+ policies and U.S. gasoline prices to sanctions against nations such as Iran. His administration has talked constantly in recent months of increased domestic production in America, seeing lower energy prices as a means to bring down inflation.
President Trump “tends to call for lower prices (or celebrate falling prices) when WTI is greater than $50,” wrote Struyven. Goldman Sachs reiterated that it expects oil prices to move lower in 2025 and into 2026 as global demand moderates, leading to an oversupply of crude. GS stock has risen 7% this year.
Is GS Stock a Buy?
Goldman Sachs stock has a consensus Moderate Buy rating among 14 Wall Street analysts. That rating is based on seven Buy and seven Hold recommendations assigned in the last three months. The average GS price target of $607.50 implies 0.32% downside risk from current levels.
