Barclays maintains $100 Brent oil forecast for 2026
Barclays maintains its 2026 Brent forecast at $100 per barrel as supply risks skew higher. The bank cites a global deficit linked to the Strait of Hormuz closure.
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BARCLAYS PLC maintained its 2026 Brent Crude Oil price forecast at $100 a barrel. Prices reached $105 as investors doubted prospects for a breakthrough in U.S.-Iran peace talks, while the Strait of Hormuz remained closed. The conflict has removed 14 million barrels per day of oil—14% of global supply—from the market.
