
FGE sees Brent crude potentially climbing to $120-$150 per barrel if prolonged Middle East disruptions remove more oil from the global market, with physical crude already trading at elevated levels.

FGE sees Brent crude potentially climbing to $120-$150 per barrel if prolonged Middle East disruptions remove more oil from the global market, with physical crude already trading at elevated levels.

The IEA expects global oil supply to decline by 4.3 million barrels per day this year.
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