StanChart Finally Turns Bearish, Cuts Oil Price Forecast By $15/bbl
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Standard Chartered has revised its oil price forecast downward by $15/bbl, shifting from a bullish to a bearish outlook due to increasing U.S. oil production and potential future production curtailment.
التأثير المتوقع على السوق
The revision may lead to a slight increase in oil prices as the market adjusts to the new forecast, but the overall impact is expected to be limited due to the existing bearish sentiment.
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المصدر الأصلي
Last month, we reported that commodity analysts at Standard Chartered have been bucking the overwhelmingly bearish sentiment pervading Wall Street, maintaining a decidedly bullish outlook even as oil prices continue trending lower. StanChart has acknowledged that U.S. oil output has continued taking out all-time highs in the current year, with June production climbing by 133000 barrels per day to an all-time high of 13.58 million bpd. However, the analysts have been betting that U.S. producers will eventually be forced to curtail production due…
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المقال الأصلي منشور بواسطة OilPrice.com في 24 أكتوبر 2025. التحليل والرؤى المقدمة من AnalystMarkets AI.