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MarketsEkonomimTurkish, translatedFiled 47 h ago

EIA oil forecast: Prices revised upward for the fourth time

Original headlineEIA’dan petrol tahmini: Fiyatlar dördüncü kez yukarı revize edildi

Open the sourceReported by Ekonomim, ekonomim.com, 11 November 2026

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The U.S. Energy Information Administration raised its oil price forecasts for the fourth time, projecting Brent crude to average $97.44 per barrel this year and $85.78 in 2027. The upward revision signals that the agency expects tighter market conditions to persist longer than previously assumed. The repeated revisions underscore how supply and demand assumptions have shifted over the forecast cycle. Traders will watch whether spot prices track the higher EIA path and whether further revisions follow in the agency's next monthly outlook.

Muhabbit's AI wrote this summary in its own words from Ekonomim's report and translated it from Turkish. It can get details wrong, so check the source.

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