WALL STREET HIKES OIL FORECASTS AS GULF DISRUPTIONS PERSIST Major banks are raising Brent forecasts as prolonged Middle East shipping disru…
WALL STREET HIKES OIL FORECASTS AS GULF DISRUPTIONS PERSIST
Major banks are raising Brent forecasts as prolonged Middle East shipping disruptions tighten global oil supply.
HSBC sees Brent averaging $90 in 2026, while Goldman warns prices could exceed $120 if Gulf output remains severely disrupted. BofA sees an even more extreme scenario reaching $150 if energy infrastructure suffers major damage.
Oil is now on track to finish the week above $100 a barrel.