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Wall Street Banks Raise Oil Price Forecasts as Supply Fears Deepen
ANZ has raised its year-end Brent crude forecast to $105 per barrel as Middle East supply disruptions and shrinking market buffers increase the risk of further price spikes.
Summary
Brent Crude oil prices are set to end the year at about $105 per barrel, bank ANZ said on Friday as it hiked its projection by $10 a barrel on the assumption that Middle East oil exports, shipping availability, and fuel supplies will remain constrained through December.
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