Barclays raises Brent forecast to $72 per barrel for 2025

ReutersJul 3, 2025 9:55 PM

July 3 (Reuters) - Barclays on Thursday said it raised its brent oil price forecast to $72 per barrel (bbl) for 2025 and $70/bbl for 2026, on "better-than-expected fundamentals."

"Geopolitical tensions have eased as the U.S.-mediated ceasefire between Israel and Iran continues to hold and the risk premium has evaporated, but price action has been reflecting better-than-expected fundamentals, in our view," said Barclays in a note.

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