
Barclays cut its 2025 Brent forecast by $4 to $66 per barrel and its 2026 forecast by $2 to $60 per barrel. The bank attributed the revision to OPEC+ accelerating its output increases.
Lower crude forecasts signal cheaper energy and weaker biofuel economics, which can pressure vegetable oil and corn prices over the coming year.
After 312 past bearish macro events, BRENT moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.