Barclays has reaffirmed its 2026 average price projection of $100 per barrel for Oil – Brent Crude, noting that risks now appear tilted to the upside as geopolitical uncertainty persists. The bank’s stance comes as Brent trades near $105, with investors questioning the likelihood of progress in U.S.-Iran negotiations and factoring in potential supply constraints.
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Over the past month, Oil – US Crude has gained about 6.38%, while Brent is up roughly 3.46%, reflecting durable bullish momentum in the complex. Despite these advances, both benchmarks carry a one-day technical signal of Hold for U.S. crude and Hold for Brent, suggesting near-term consolidation even as medium-term price expectations trend higher.
Investors can explore more updates, prices, and analysis across global markets at Commodities.