Wall Street Banks Raise Oil Price Forecasts as Supply Fears Deepen
6 Articles
6 Articles
Wall Street Banks Raise Oil Price Forecasts as Supply Fears Deepen
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. “The forecast does not require another geopolitical shock,” ANZ’s strategists wrote in a note carried by Bloomberg. “Rather, it assumes that the constraints already confronting…
ANZ Group Holdings, a bank operating in the banking sector of Australia and New Zealand, has raised its price forecast for Brent crude oil amid limited oil supply in the world market. Banker.az reports that Bloomberg reported this with reference to the bank's report dated October 30. ANZ analysts have projected the price of a barrel of Brent crude oil to reach $95 by the end of 2026, instead of the previous $95.
Shafaq News - Follow-up ANZ Bank raised its Brent crude oil price forecast for December 31 to $105 per barrel from $95 per barrel previously, citing the unlikelihood of physical constraints keeping the oil market tight before the end of the year easing. The bank indicated that any significant escalation in the Iran conflict would...
With uncertainty persisting in US-Iran relations since November 3rd, Brent crude oil prices have approached $116 in the near term. Following a nearly 18% rise in October, all eyes are on diplomatic contacts. Australian banking giant ANZ, anticipating supply concerns to continue until the end of the year, raised its Brent forecast from $95 to $105.
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