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The bank raised price expectations Brent oil In the second half of 2025, it will reach $70 per barrel from between $66 and $68 per barrel in the December 5 forecast.
The OPEC+ alliance, which includes member states of the Organization of the Petroleum Exporting Countries (OPECAnd allies, including Russia, yesterday, Thursday, began increasing oil production for the three months to April.
The coalition added that the cuts will be phased in until September 2026, nine months later than previously planned.