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Brent crude hits USD 94; analysts see prices in USD 90-100 range
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Brent crude surged to a five-week high of USD 94 a barrel due to US-Iran tensions.
Analysts expect Brent prices to remain in the USD 90 to USD 100 range.
A sustained rise to USD 112 is considered a tail-risk scenario, requiring more severe factors like a Hormuz disruption.
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