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Barclays lowers Brent crude outlook amid trade tensions, downside risk to its $74 forecast

Barclays has flagged downside risks to its $74 per barrel forecast for Brent crude in 2025, citing the escalating global trade war.

Analysts at the bank noted that mounting trade tensions are likely to dampen global economic activity and oil demand, tilting the risks to its price outlook to the downside.

***

Hard to say much different given this response yesterday:

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