Research reports on Friday showed that due to the supply shock brought about by the Iran conflict and the rapid decline in buffer space, ANZ raised its short-term Brent crude oil price forecast to 95 US dollars per barrel. Analysts, including Daniel Hines and Sony Kumari, wrote, “Rebuilding depleted global inventories requires further suppression of demand, which means oil prices will remain high for the foreseeable future.” If the Middle East conflict escalates further, there is room for oil prices to continue to rise. As supply gradually recovers in the Persian Gulf region, oil prices will fall back to $85-90 per barrel in 2027. In its August 31 report, ANZ predicted that oil prices would be 92 US dollars/barrel at the end of the third quarter.

Research reports on Friday showed that due to the supply shock brought about by the Iran conflict and the rapid decline in buffer space, ANZ raised its short-term Brent crude oil price forecast to 95 US dollars per barrel. Analysts, including Daniel Hines and Sony Kumari, wrote, “Rebuilding depleted global inventories requires further suppression of demand, which means oil prices will remain high for the foreseeable future.” If the Middle East conflict escalates further, there is room for oil prices to continue to rise. As supply gradually recovers in the Persian Gulf region, oil prices will fall back to $85-90 per barrel in 2027. In its August 31 report, ANZ predicted that oil prices would be 92 US dollars/barrel at the end of the third quarter.