Reuters had a piece up earlier that included four oil price forecasts. In brief:
Citibank analysts said Brent crude could remain 15–20% above pre-conflict levels—around $75 to $78 per barrel—if the Iran-Israel conflict disrupts 1.1 million bpd of Iranian oil exports:
However, Citi notes the actual impact may be muted:
Iranian exports have already been declining
China has scaled back purchases
Global supply may have already adjusted
They add that OPEC could boost output to help offset any disruption, and a Hormuz shutdown would likely be brief.
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J.P. Morgan warned that if the conflict widened to close the Strait of Hormuz, oil could surge to $120–130.Goldman Sachs sees a $10/bbl geopolitical risk premium currently in pricesBarclays sees $85 oil if Iranian exports are halved, and above $100 in a worst-case regional war This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about 4 oil price forecasts bleak scenario is up to us 130 bbl was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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