What did we learn in previous OPEC price wars? By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2025
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Source: Investing.com
Oil Market Dynamics: Bank of America analysts warn that oil markets may be entering a "slow grind" price war as OPEC+ increases production in an oversupplied market, with Brent crude prices expected to average $62 per barrel this year, down from $80 last year.
Saudi Arabia's Strategy: The increase in Saudi Arabian oil output is driven by the desire to regain market share and economic logic due to high spare capacity and a shift towards renewables, although this strategy poses risks to future price forecasts.
Analyst Views on LCO
Wall Street analysts forecast LCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.375
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Current: 27.375
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
