Is Oil’s Gloom Overblown? Barclays Thinks So
The oil market is facing a challenging outlook for 2025, with analysts predicting a potential downturn. Brent crude prices recently hovered around $71 per barrel, leading to speculation about a possible drop into the $50-$60 range next year. However, Barclays believes this pessimism may be overstated. The investment bank’s analysts suggest that the fundamentals of the oil market could support more stable prices than what the current narrative implies. This article explores Barclays’ insights and the broader implications for the oil industry as we head into the new year.
