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ECB Raised Oil Price Forecasts for 2023-2025

OIL

The European Central Bank has raised its Brent crude oil forecasts to $82.70/bbl for this year, up from $78/bbl in the previous forecast in June according to Bloomberg.

  • The bank also revised up its Brent forecast for 2024 to $81.80/bbl, from $72.6/bbl and for 2025 to $77.90/bbl, up from $70.40/bbl in June.

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