#OilPrice #BrentOil 🔥 Today's Key Highlights
👉 Barclays Forecast (02.05.2026)
* Raised Brent forecast for 2026 to ~$100 per barrel
* Due to the blockage of the Hormuz Strait, a deficit of ~6.6 million barrels/day is forming
* In the case of a prolonged conflict, prices could surge to $110+
📌 This is currently one of the most cited forecasts in the market.
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📊 Market Update
* Brent has been trading around ~$107–125+ in recent days
* Reason — conflict in the Middle East and disruption of key supplies
* The market is in a state of deficit and high volatility
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📈 Alternative Forecasts (for a clearer picture)
* World Bank: average ~$86 in 2026, but up to $115 on escalation
* Goldman Sachs / Citi:
* base case ~$90
* in a stress scenario up to $120–130
* HFI Research (bearish scenario): possible spike above $150
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🧠 Conclusion (short and to the point)
As of 03.05.2026, the Brent market:
* 📌 is in geopolitical shock
* 📌 has a supply deficit
* 📌 forecasts significantly diverge due to risks
👉 Realistic range right now:
* $90 – $110 (base case)
* $110 – $150+ (if the conflict drags on)