Barclays analysts slash Brent crude oil price forecast, but say demand concerns overblown ...Middle East

Posting this ICYMI, analysts at Barclays lowered their oil price forecast for Brent crude futures next year by $4/b to $93/bbl. "We lower our 2024 Brent forecast by $4/bbl but maintain our above-curve and consensus view on prices."said that the 2024 forecast is still $14/bbl ahead of the Brent forward curveadded that the recent selloff in oil may be overdoneBarclays citing:weakening demand outlook in the US and China clashing with concerns of an escalation and potential supply disruption in the Middle Eastconcerns over the strength of the global economy were compounded last week by data showing a surprise spike in US oil stocks, and economic weakness in China "Demand concerns have returned r

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