A Bank of America survey of fund managers indicates most respondents anticipate benchmark Oil – Brent Crude prices easing to the $80–$90 per barrel range by year-end, below current levels just under $100. The poll also shows investor sentiment toward oil at its most cautious in 10 months, suggesting expectations of softer demand or increased supply, even as few participants foresee a sharp price collapse.
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Over the past month, Brent has fallen about 6.6%, reflecting a partial unwind of earlier gains as markets reassess geopolitical risk premiums and macroeconomic growth prospects. The 1-day technical outlook for Brent is currently a Hold, indicating neither strong bullish nor bearish momentum in the very short term, and aligning with survey results that point to a gradual rather than abrupt price adjustment.
Investors can explore more updates, prices, and analysis across global markets at Commodities.