Russia's Central Bank Raises 2026 Oil Price Forecast to $72/bbl

The Central Bank of Russia raised its 2026 oil price forecast for tax purposes to $72 per barrel from $60, and 2027 to $55 from $50. This upward revision signals the bank's expectation of sustained higher oil prices, likely reflecting supply constraints or geopolitical factors. The change affects Russia's fiscal planning and budget assumptions, with implications for global energy markets.

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