US EIA Raises Q4 Brent Crude Forecast To $105
The US Energy Information Administration has raised its fourth-quarter Brent crude forecast to $105 per barrel, citing ongoing West Asia supply risks.
The US Energy Information Administration (EIA) has raised its fourth-quarter Brent crude forecast to $105 per barrel, according to Firstpost. The upward revision is driven by persistent supply risks stemming from West Asia.
Forecast Adjustment
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The revised projections reflect tightening market conditions and geopolitical factors influencing global energy supplies in the region.
Key facts
- The US Energy Information Administration raised its Q4 Brent crude forecast.
- The new projected level is set at $105 per barrel.
- The adjustment is attributed to West Asia supply risks.
Source: news.google.com
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