ANZ Raises Short-term Crude Oil Price Forecast To $70/BBL
ReutersOct 30, 2025 5:41 AM
Oct 30 (Reuters) - ANZ:
RAISES 0-3 MONTH CRUDE OIL PRICE TARGET TO $70 PER BARREL
U.S. MOVE TO SANCTION RUSSIAN OIL COMPANIES PRESENTS A SIGNIFICANT LIFT IN THE RISKS TO OIL SUPPLY
IN VIEW OF HEIGHTENED RISKS TO RUSSIAN SUPPLY, EXPECT OPEC+ ALLIANCE WILL APPROVE ANOTHER 137,000 BARREL A DAY INCREASE IN SUPPLY FOR DECEMBER
EXPECT ANY HIT TO RUSSIAN OIL EXPORTS TO BE RELATIVELY SHORT LIVED, THIS SHOULD CAP ANY FURTHER UPSIDE TO OIL PRICES
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