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HSBC reduced its Brent forecast to $68.5 per barrel for 2025, down from $73, and to $65 for 2026, down from $70.
Lower crude forecasts signal weaker energy prices ahead, which reduces support for biofuel and vegetable oil values.
Not enough comparable past events yet for a historical read.
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.