Barclays lifts 2026 Brent price forecast to 100 dollars
Barclays raised its outlook from 85 dollars due to the Strait of Hormuz impasse. The bank warns a daily deficit of 6.6 million barrels is likely to widen further.
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BARCLAYS PLC raised its 2026 Brent Crude Oil forecast to $100 per barrel from $85 on May 1. The revision follows a continued blockade in the Strait of Hormuz involving Iran and the United_States. An Iranian proposal on negotiations with the U.S. pressured Brent crude oil futures on Friday. Investors face a 6.6 million barrel per day market deficit that could push prices toward $110 if disruptions persist through the end of May.
