BRIEF-ANZ Lowers Short-Term (0-3 Mth) Oil Price Target To $75/Bbl

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March 13 (Reuters) - ANZ: * LOWERS SHORT-TERM (0-3MTH) OIL PRICE TARGET TO $75/BBL * SEES UPSIDE TO OIL PRICES IN SHORT TERM AS TARIFFS ON CANADIAN CRUDE, RISING DISRUPTIONS TO SUPPLY FROM IRAN AND VENEZUELA KEEP THE MARKET TIGHT * SAYS LOOSER BALANCES IN THE SECOND HALF OF 2025 SHOULD SEE BRENT CRUDE PUSH BACK TOWARDS USD70/BBL BY YEAR END * MAINTAINS BULLISH STANCE ON GOLD, WITH PRICES EXPECTED TO REACH A RECORD HIGH OF $3,050/OZ IN 2025 ((Reuters.Briefs@thomsonreuters.com;))
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Published Date
14 Mar 2025 at 10:35 AM
Publisher
Refinitiv
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