Go against Goldman! Barclays raises end of year Brent oil price forecast to $72

According to the Zhixun Financial APP, Barclays Bank stated on Thursday that due to optimistic expectations for demand outlook, it has raised its 2025 Brent crude oil price forecast by $6 to $72 per barrel; and raised its 2026 forecast by $10 to $70 per barrel. Barclays Bank also stated that despite the accelerated growth in OPEC+ production in the second quarter, global crude oil inventories still decreased. This tighter supply-demand balance is driven by strong demand growth, slowing supply growth in non-OPEC oil-producing countries, and the International Energy Agency (IEA) raising its baseline demand forecast.