ANZ Bank: Oil prices may remain above $100 per barrel in the short term

Golden Ten Data reported on March 24 that the research division of ANZ Bank pointed out in a report that, in the short term, oil prices are expected to remain above $100 per barrel. This reflects the impact of war premiums and supply losses. Although oil prices may decline in the coming quarters if the conflict ends in March, ANZ Bank believes that oil prices will not return to the range of $60 to $70 per barrel. Production disruptions have already changed the supply and demand balance of the oil market this year. ANZ Bank expects that in 2026, the average oil price will be above $90 per barrel.