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flag ICICI Bank forecasts lower crude oil prices in 2025 due to surplus supply and weak demand.

flag 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. flag This adjustment is due to an expected surplus in oil supply from both OPEC and non-OPEC countries, coupled with subdued global demand. flag Geopolitical factors and economic measures could influence prices, but the overall trend suggests lower oil costs.

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