A trader is betting heavily that Brent crude will fall below $50 a barrel by the end of the year, with put options equivalent to 10 million barrels of crude suddenly flooding the market, arguing that global supply growth will overwhelm geopolitical risks from Ukraine to the Middle East. Click to view
Barclays: Maintains its forecast for Brent crude oil at $72 a barrel in 2025 and $70 a barrel in 2026.
Barclays cut its 2025 Brent crude oil price forecast by $4 to $70 a barrel.
JPMorgan Chase: lowered its forecast for Brent crude oil price in 2025 to $66 per barrel, from $73 previously; adjusted its Brent crude oil price target in 2026 to $58 per barrel, from $61 previously.
JPMorgan Chase: Downgraded its forecast for Brent crude oil prices in 2025 from $73/barrel to $66/barrel.
Foreign 1. Citi cut its 0-3 month forecast for Brent crude oil to $60/barrel. 2. Citi: As the trade storm expands, it is evaluating the expectation of the Reserve Bank of Australia to cut interest rates. 3. UBS: The lower valuation level may make the class A share market more resilient. 4. UBS: The net inflow of capital into the Chinese stock market this year from material insurance, mutual funds and social security funds may reach 1 trillion, 590 billion and 120 billion yuan each. Domestic 1. C...
EIA Short-Term Energy Outlook Report: WTI crude oil prices are expected to be $70.68/barrel in 2025, compared to previous expectations of $70.62/barrel; Brent crude oil prices are expected to be $74.22/barrel in 2025, compared to previous expectations of $74.50/barrel.
The technical aspects of the daily external futures varieties are summarized, among which four varieties, including Brent crude oil, have the opportunity to go long.