Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Good morning. Today is Monday, April 14th. I'm Julie Morgan.

Goldman sees red. Games get pricier and tech rallies on a tariff reprieve.

Goldman Sachs expects oil prices to decline through the end of 2025 and into

2006.

Goldman expects Brent and WTI averaging $63 and $59 per barrel respectively this year and

falling to $58 and $55 next year due to the rising risk of recession

and increase OPEC plus supply. The bank projects oil demand will increase by just 300,000 barrels

per day between the end of 2024 and the end of 2025, amid a weak growth outlook driven by a global trade war.

Due to the escalating trade tensions between the U.S. and China, the bank has lowered its global

oil demand growth forecast for the fourth quarter of 26 by 900,000 barrels per day since mid-March.

Goldman Sachs predicts that even with some future inventory

builds already factored in, substantial surpluses of 800,000 barrels per day in 2025, and 1.4 million

barrels per day in 2026 will keep oil prices under pressure. West Texas intermediate crude futures were up 0.8% to

$61.97 at the time of this recording, while Brent crude, the international benchmark, was up

0.7% as $65.19 a barrel and has declined over 13% year-to-date.

Sony Group has increased the price of its PlayStation 5 console by around 25% in Europe and the UK.

The PS5 will cost 500 euros in Europe and 430 pounds in the UK starting April 14th. The company announced the decision

on its PlayStation blog with Australia and New Zealand also affected, citing inflation and a

backdrop of a challenging economic environment. The price of the PS5 Pro remains the same.

Apple and other American tech stocks are in the green in pre-market trading after the Trump

administration temporarily exempted smartphones, computers, and other electronics, mostly imported

...