Brent 2026 view tops $90 for first time since May as MidEast stability remains elusive
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- ✓Brent 2026 oil price forecasts topped $90 for the first time since May on October 30.
- ✓Analysts said, "Constrained Middle Eastern flows, exceptionally tight product markets, and depleted inventories suggest that a full return to pre-war production will take longer." Ongoing regional instability continues to push global energy prices higher today.
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- BUSINESS
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- Reuters
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- India Economy
Oct 30 (Reuters) - Analysts have raised their 2026 oil price view, pushing the Brent forecast above $90 a barrel for the first time since May as disruptions to Middle East energy flows persist, tempering expectations of regional stability and underpinning prices.
A survey of 32 economists and analysts conducted through October forecast that Brent crude would average $92.88 a barrel in 2026 and US West Texas Intermediate $86.60 a barrel. This compares with the previous month's estimates of $89.05 and $83.90 for Brent and WTI respectively.
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"Constrained Middle Eastern flows, exceptionally tight product markets, and depleted inventories suggest that a full return to pre-war production, trade routes, and shipping conditions will take longer, leaving risks skewed to the upside," said UniCredit analyst Tobias Keller.
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