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Fear Factor: Iran Concerns Drive Oil Price Outlook Higher

Published: 2/29/2012

The price of Brent crude has broken above $120 per barrel this month, stoked by worsening relations between Iran and the West. Rising market anxiety about Iran and other sources of global supply has prompted IHS CERA to raise our 2012 crude oil price outlook, even as prices are beginning to destroy demand in an already weak economic climate.

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