ANZ Forecasts Oil Prices To Trade Around $60-65/BBL Through 1H26
ReutersOct 10, 2025 2:24 AM
Oct 10 (Reuters) - ANZ:
SUPPLY-DRIVEN SURPLUSES ARE RARELY UNEXPECTED, SO THE MARKET USUALLY PRICES-IN SURPLUS WELL IN ADVANCE, CONSEQUENTLY, EXPECT OIL PRICES TO TRADE AROUND $60–65/BBL, THROUGH FIRST HALF OF 2026
FURTHER RECOVERY OF OIL PRICES TO $70/BBL BY END OF 2026 IS POSSIBLE; EITHER DUE TO RISING RECOVERY IN DEMAND OR OPEC STEPPING IN TO SUPPORT MARKET WITH PRODUCTION CUTS
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