HSBC says rising downside risk to its $65/bbl Brent forecast for 4Q 2025

HSBC says large surplus after summer raises downside risk to its $65/B Brent forecast from 4Q 2025

• now assume another 550kbd hike for September
• summer demand in Northern Hemisphere and in the Middle East (for power generation) is absorbing extra OPEC+ barrels for now

This article was written by Eamonn Sheridan at www.forexlive.com.

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