Analysts Lift 2026 Oil Price Outlook as Hormuz Shipping Stays Disrupted
A Reuters poll of 30 analysts has raised its 2026 Brent crude forecast to $89.05 a barrel as Strait of Hormuz shipping disruption drags on into next year.
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US Puts Another 40 Million Barrels of Emergency Oil on the Market
The US Energy Department has invited bids for 40 million barrels of crude from its Strategic Petroleum Reserve, part of a 172-million-barrel release to steady oil prices.
Oil Split In Two Markets As Hormuz Risk Bites, Brent Above $107
Brent is above $107 a barrel as war risk in the Persian Gulf splits the oil market, with Iraqi crude discounted over $43 while barrels outside Hormuz hit record highs.
Saudi Crude Detour Through Oman Pulls Oil Prices Down A Second Day
Brent fell 1.2% to $104.59 and WTI to $101.29 after Saudi Arabia offered extra crude cargoes via Oman, easing fears of Middle East supply disruption after pipeline attacks.