Geopolitical tensions nudge oil outlook higher, but demand concerns persist: Reuters poll

(Reuters) -Analysts have marginally lifted their oil price forecasts after the flare-up of tensions in the Middle East, but rising OPEC+ supply and a tempered demand outlook continue to weigh on crude, a Reuters poll showed on Monday. The Iran-Israel conflict and the U.S. decision to intervene have led to sharp swings in oil prices this month, with Brent prices touching $81.40 before falling to settle at $67.14 after the ceasefire. "We envisage the region will remain on edge for the time being... leading to some lingering volatility in oil prices in coming days and weeks," said Suvro Sarkar, lead energy analyst at DBS Bank.