Reuters Poll Predicts Decline in 2026 Crude Oil Prices Amid Supply Surplus
A Reuters poll forecasts lower crude oil prices for 2026, with Brent crude expected to average $61.27 per barrel and U.S. crude at $58.15. The downward revision is driven by an anticipated supply surplus that is likely to outweigh OPEC+'s production decisions and weak global demand.
Insights:
A Reuters poll involving 34 economists and analysts conducted in December 2025 has forecasted a decline in crude oil prices for 2026. According to the survey, Brent Crude Oil is expected to average $61.27 per barrel, down from the $62.23 predicted in November. Similarly, West Texas Intermediate (WTI) Crude Oil is projected to average $58.15 per barrel, a slight drop from the previous forecast of $59.00. The downward revision reflects expectations of a significant supply surplus, ranging between 0.5 and 3.5 million barrels per day, which is anticipated to outweigh the current OPEC+ production hold and weak global demand.
