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ICICI Bank forecasts lower crude oil prices in 2025 due to surplus supply and weak demand.
ICICI Bank predicts global crude oil prices will trade lower in 2025, ranging from $60 to $70 per barrel, down from a previous forecast of $65 to $80.
This adjustment is due to an expected surplus in oil supply from both OPEC and non-OPEC countries, coupled with subdued global demand.
Geopolitical factors and economic measures could influence prices, but the overall trend suggests lower oil costs.
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ICICI Bank pronostica precios más bajos del petróleo crudo en 2025 debido al excedente de oferta y la débil demanda.