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Breaking Posted 59 min ago

EIA Raises 2026 Brent Forecast to $98, Up 8% on Supply Tightness

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The US Energy Information Administration raised its 2026 Brent crude forecast 8% to $98/barrel, citing falling global inventories, tight diesel supplies, and Strait of Hormuz disruptions. Q4 Brent expected to average $105. Oil price strength supports CAD; energy-cost pressures ripple into EUR inflation outlook as traders reassess central-bank rate paths.
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