Analysts Raise 2026 Oil Price Forecasts

Analysts have raised their 2026 oil price forecasts as ongoing disruptions to Gulf exports offset demand concerns. Benchmark Brent crude is expected to average nearly ninety dollars a barrel. Lingering supply risks are seen as the primary price driver.

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A pump jack operates at an oil well run by Mexican state oil firm Pemex in Arroyo Florido, Veracruz state, Mexico, April 10, 2026. REUTERS/Oscar Martinez

Analysts raised 2026 oil price forecasts during Monday morning surveys, with Brent Crude Oil expected to average $89.05 a barrel. The upward revision follows persistent supply disruptions in the Persian Gulf region. These lingering constraints continue to outweigh softening global demand metrics.

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