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Will Brent crude exceed $110 this winter
Global oil prices have risen amid escalating geopolitical risks in the Middle East, with Brent crude reaching $110.10 per barrel—the highest level in five months. Tensions have intensified due to attacks on energy facilities and oil tankers. Despite declining global inventories and forecasts of approximately a 2.6 million barrel-per-day decrease in demand in 2026, ongoing tensions alongside rising shipping and insurance costs continue to support short-term oil price increases. However, the trend could change depending on political developments and future supply scenarios.
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