Prospect of prolonged Iran war disruption drives oil forecasts higher
Business
April 30 : Analysts have increased their oil price forecasts for the second time since the Iran war began at the end of February as they factor in the prospect of prolonged energy market disruption, a Reuters poll showed on Thursday. International Brent crude has reached its highest in more than four years at above $120 a barrel. The survey of 32 economists and analysts, conducted in April, forecast Brent crude would average $86.38 per barrel in 2026. U.S. crude was projected to average $80.07
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