Wall Street has thrown in the towel on a quick end to the global oil shock

Wall Street analysts are raising their 2027 oil forecasts as the prospect of a quick end to the global oil shock diminishes. Crude prices have climbed back above $100 per barrel, marking a psychological milestone. The prolonged elevation of oil prices is expected to increase pressure on consumers, inflation, bonds, and stocks. Traders are now pricing in a prolonged disruption amid fading optimism for a resolution to the Iran conflict.

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