business
Oil's New Normal Is Higher Prices
Standard Chartered sharply raised its oil forecasts, arguing persistent Middle East instability and thin supply buffers will keep prices elevated through 2027.
Oil prices pulled back on Tuesday, reversing recent gains as investors weighed signs of export recovery by Middle Eastern producers against uncertainty surrounding the fate of the Iran war. Brent crude for November delivery fell 1.5% to trade at $103... [4821 chars]
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