Barclays has raised its Brent crude oil forecast to US$72/bbl for 2025 ...Middle East

Barclays has raised its Brent crude oil forecast to US$72/bbl for 2025

projects $70 for 2026forecast US oil demand to grow 130 kb/d this year, 100 kb/d ahead of their previous estimatessay geopolitical tensions have eased as the U.S​.-​mediated ceasefire between Israel and Iran continues to holdadd that the risk premium has evaporatedprice action has been reflecting better​-​than​-​expected fundamentals This article was written by Eamonn Sheridan at www.forexlive.com.

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