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Geopolitical Tensions Boost Oil Forecasts
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Overview
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Iran's attack on Israel prompts banks like Citi and Societe Generale to raise short-term oil price forecasts due to heightened geopolitical risks. Forecasts predict Brent to reach $91 per barrel and WTI to hit $87.5, impacting market dynamics.
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How might continued geopolitical tensions impact global oil supply and demand dynamics?
In what ways could heightened oil prices affect industries and economies reliant on oil products?
What strategies can investors employ to navigate volatile oil markets in response to geopolitical events?
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