# Barclays cuts 2025 Brent crude forecast on trade tensions, OPEC+ shifts

> 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.

- Date: 2025-04-28 · published 2025-04-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25323-barclays-cuts-2025-brent-crude-forecast-on-trade-tensions-opec-shifts
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-05-05 | [Barclays cuts 2025, 2026 Brent crude forecast as OPEC+ accelerates output hikes](https://feedsoft.ai/events/24851-barclays-cuts-2025-2026-brent-crude-forecast-as-opec-accelerates-output-hikes.md) | +4.3% | +6.8% |
| BRENT | 2020-03-17 | [Brent crude sinks below $30 a barrel as recession fears weigh](https://feedsoft.ai/events/7658-brent-crude-sinks-below-30-a-barrel-as-recession-fears-weigh.md) | -12.6% | -12.5% |
| BRENT | 2024-09-18 | [Crude oil prices today: WTI, Brent lower as Fed cuts rates](https://feedsoft.ai/events/28216-crude-oil-prices-today-wti-brent-lower-as-fed-cuts-rates.md) | +1.5% | -0.2% |
| BRENT | 2022-07-06 | [Oil’s Current Plunge: Goodbye Inflation Trade, Hello Recession](https://feedsoft.ai/events/12614-oil-s-current-plunge-goodbye-inflation-trade-hello-recession.md) | -3.2% | -2.9% |
| BRENT | 2025-06-30 | [Positive trade news and easing Middle East tensions soothe markets \| STANLIB](https://feedsoft.ai/events/24502-positive-trade-news-and-easing-middle-east-tensions-soothe-markets-stanlib.md) | +1.6% | +0.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/barclays-cuts-2025-brent-crude-forecast-trade-tensions-opec-shifts-2025-04-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.