Core Viewpoint - Multiple banks have lowered their 2025 oil price expectations to below $60 per barrel due to increased OPEC+ production and stable oil demand growth [1] Group 1: Oil Price Forecasts - A survey by Haynes Boone LLP indicates that the average oil price forecast for WTI crude oil this year is $58.30 per barrel, which is a decrease of 5.8% from the banks' expectations in December of the previous year [1] - WTI crude oil closed at $63.41 on Tuesday, highlighting a discrepancy between current market prices and future forecasts [1] Group 2: Market Sentiment - Kim Mai, a partner at Haynes Boone, expressed that the expectation of oil prices falling below $60 is not surprising, as banks tend to have conservative predictions that are usually lower than market prices [1]