Oil Prices to Hold Above 80 Dollars Amid Middle East Risks
Analysts forecast oil prices remaining above 80 dollars a barrel through 2026 due to persistent shipping disruptions in the Middle East. Weak Chinese demand and ongoing supply deficits continue to shape global market conditions.
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Brent Crude Oil will average $85.08 a barrel in 2026, supported by shipping disruptions from the United States-[strong>Iran conflict. That price forecast holds roughly steady from July levels of $85.22, according to an August Reuters poll of 31 economists and analysts. Persistent supply deficits in global markets offset sluggish import demand from China during the period.
