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The U.S. Energy Information Administration raised its 2026 Brent crude oil spot price forecast by more than $5 per barrel and its 2027 Brent price forecast by $10 per barrel.
- Iran tensions, hurricane-related production disruptions and falling US crude stocks add to supply concerns - Anadolu Agency
Oil prices fell after a significant increase the day before, triggered by renewed concerns over fuel exports from the Middle East region, Report informs citing trading data.