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Jefferies Raises Long-Term Oil Price Forecasts Amid Supply Constraints and Geopolitical Risks

Jefferies analysts have increased their long-term forecasts for oil prices, stating that markets are mispriced due to tighter supply and rising geopolitical risks. The firm set new targets of $70-$82 per barrel for West Texas Intermediate (WTI) and around $75 for Brent crude. Sup…