Major analysts' forecasts on oil prices going lower due to US trade policy

Lead financial institutions actively review their oil market forecasts, accessing the impact of trade conflicts on the world economy. According to Bloomberg data, oil consumption expectations were lowered by 320 thousand barrels per day. It's close to one-third of annual demand growth. At the same time, Brent prices went lower $60 per barrel last week, reaching its 4-year minimum. 

Citigroup Inc. analysts assume that the negative impact of American duties will affect the demand in the second half of 2025. Goldman Sachs now expects Brent price to reach $62 per barrel at the end of the year. The International Energy Agency (IEA) also warns about the market's possibilities worsening, stressing risks for global demand. 

According to Bloomberg, the expected oil surplus is increasing due to the weaker demand. The decision of OPEC+ to expand energy production worsened the situation. Energy Aspect experts note signs of possible decline in the oil market, as a result of trade conflicts among the world's biggest economies.