Institutions Raise Brent Oil Price Forecasts as Energy Cost Pressures Mount

[Institutions Raise Brent Oil Price Forecasts, Energy Cost Pressures Mount]

⑴ Institutions raised their December Brent crude oil price forecast to $85 per barrel, as energy prices across the Asia-Pacific region broadly climbed.

⑴ The Iran war and the closure of the Strait of Hormuz tightened supply, pushing liquefied natural gas and diesel prices to year-to-date highs.

⑴ Rising energy costs have lifted inflation forecasts, but subsidies and price controls have limited the impact on consumers.

⑴ Core inflation remains relatively contained, with inflation trends diverging across regional economies.

⑴ Upside risks to oil prices have not fully subsided; attention should be paid to the duration of supply disruptions and the pass-through of price intervention measures in various regions to end-user demand.