ANZ Lowers Short-Term (0-3 Mth) Oil Price Target To $75/Bbl
ReutersMar 14, 2025 2:35 AM
March 13 (Reuters) - ANZ:
LOWERS SHORT-TERM (0-3MTH) OIL PRICE TARGET TO $75/BBL
SEES UPSIDE TO OIL PRICES IN SHORT TERM AS TARIFFS ON CANADIAN CRUDE, RISING DISRUPTIONS TO SUPPLY FROM IRAN AND VENEZUELA KEEP THE MARKET TIGHT
SAYS LOOSER BALANCES IN THE SECOND HALF OF 2025 SHOULD SEE BRENT CRUDE PUSH BACK TOWARDS USD70/BBL BY YEAR END
MAINTAINS BULLISH STANCE ON GOLD, WITH PRICES EXPECTED TO REACH A RECORD HIGH OF $3,050/OZ IN 2025
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