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.