#OilPrice #BrentOil ๐ฅ Today's Key Highlights
๐ 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+
๐ This is currently one of the most cited forecasts in the market.
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๐ Market Update
* Brent has been trading around ~$107โ125+ in recent days
* Reason โ 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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๐ 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 $120โ130
* HFI Research (bearish scenario): possible spike above $150
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๐ง Conclusion (short and to the point)
As of 03.05.2026, the Brent market:
* ๐ is in geopolitical shock
* ๐ has a supply deficit
* ๐ forecasts significantly diverge due to risks
๐ Realistic range right now:
* $90 โ $110 (base case)
* $110 โ $150+ (if the conflict drags on)