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MAJOR BANKS RAISE OIL PRICE FORECASTS FOR 2026 AND 2027

Major banks have raised their oil price forecasts, according to a Wall Street Journal survey.

2026 Forecasts:

🔸 Brent: $90.40/bbl, up from $88.13
🔸 WTI: $84.38/bbl, up from $82.98

Q4 2026 Forecasts:

🔸 Brent: $94.78/bbl, up from $90.22
🔸 WTI: $88.10/bbl, up from $85.47

2027 Forecasts:

🔸 Brent: $76.74/bbl, up from $74.75
🔸 WTI: $70.52/bbl, up from $69.86

Q1 2027 Forecasts:

🔸 Brent: $84.63/bbl, up from $83.44
🔸 WTI: $79.71/bbl, down from $79.88

The key takeaway: Banks expect elevated oil prices through late 2026, followed by moderation in 2027.

Source: The Wall Street Journal — Major Banks Oil Price Survey
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