1 Day
Source:
الاقتصادية
Bank of America cuts 2026 Brent forecast to $82
Bank of America has lowered its forecast for Brent crude oil prices in 2026 to $82 per barrel, down from $93 previously, following the announcement of a memorandum of understanding between the United States and Iran to reopen the Strait of Hormuz, which triggered a new wave of selling. The bank expects Brent to trade between $70 and $80 during the second half of the year, and forecasts a supply deficit of 2.6 million barrels per day in 2026, compared to a previous surplus of two million barrels. It is worth noting that the return to normal navigation in the Gulf could take several months due to obstacles such as mine removal.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)