Barclays Sees Upside Risk to 2026 Oil Call as Hormuz Disruption Tightens Markets
TL;DR Summary
Barclays kept its $100 Brent forecast for 2026 but warned that upside risks remain as the Strait of Hormuz disruption drains U.S. and global inventories to multi‑year lows. Goldman Sachs has also flagged rapid depletion, and crude prices climbed in early trading, with Brent around $105 and WTI near $98 as markets price in a sustained supply shock.
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