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00:03Oil ended 2025 as a negative performing asset after an early rally gave way to persistent
00:09declines punctuated by sharp rebounds. Performance among oil majors diverged,
00:14with ConocoPhillips down 8.3% year-to-date and ExxonMobil up more than 11%.
00:20Entering 2026, major banks broadly expect crude prices to remain subdued due to oversupply and
00:27slowing demand. JP Morgan forecasts average prices near $53 per barrel, while Goldman Sachs projects
00:33about $52. Other institutions share similar views, and Bank of America sees $57 with additional
00:40downside risks. Bank of America forecasts oil at $57 per barrel while citing downside risks from peace
00:47in Ukraine, a pro-market government in Venezuela, and a worsening economic outlook. United States
00:53oil fund is down 10.98% year-to-date. For all things money, visit Benzinga.com.
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