ANZ Bank: If a credible diplomatic breakthrough is achieved in the Middle East and shipping conditions improve significantly, Brent crude oil prices could fall back to around $90 to $95 per barrel. However, if the conflict escalates significantly, oi

2026-10-30

ANZ Bank: If a credible diplomatic breakthrough is achieved in the Middle East and shipping conditions improve significantly, Brent crude oil prices could fall back to around $90 to $95 per barrel. However, if the conflict escalates significantly, oil prices could face the risk of rising above $120 per barrel.