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EIA Lifts Brent Forecast on Iran Sanctions Worries

◢ The US Energy Information Administration (EIA) is raising its Brent crude price forecast by USD 5/bl to USD 81/bl for the fourth quarter, citing uncertainty over the effects of US sanctions on Iran. US will re-impose restrictions on Iran's oil exports on 5 November, but many buyers already have begun to wind down their purchases of Iranian crude.