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Taking a look at our oil price forecasts

In light of the recent revision to our China economic growth forecast and our expectation that the rebound in equities has further to run, we have revisited our oil price forecasts for the year ahead. We expect that constrained OPEC+ supply will not be enough to offset weaker demand, and are therefore sticking to our price forecasts for both Brent and WTI to reach just $45pb by the end of this year.

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