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Barclays cut its 2025 Brent crude forecast by $4 to $70 a barrel and set its 2026 estimate at $62. The bank cited escalating trade tensions and OPEC+'s shift in production strategy.
Bank forecast cuts reflect expectations of weaker crude prices through 2026, which can lower energy input costs for feed makers. The effect on grain and oilseed prices is indirect.
reuters.comApr 28, 2025After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
