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US EIA hikes oil price forecasts as Iran war drains global stockpile
Source: reuters.com
Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials
The U.S. Energy Information Administration raised its oil-price forecasts for this year and next as global inventories decline rapidly. The upward revision reflects supply losses from the Middle East amid the ongoing Iran war, creating a potentially material upside risk for crude prices and broader energy-market inflation.
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