🛢️ OIL COULD FALL BELOW $80 IN 2027
Brent crude settled at $103.87 on Friday, but Wells Fargo expects prices to ease significantly next year as supply pressures fade and demand weakens.
🔑 Key Points:
• Brent Friday close: $103.87
• Wells Fargo 2027 average: $79.30
• Q2 2027 forecast: $79.00
• Q3 2027 forecast: $77.70
• Q4 2027 forecast: $76.30
• Oil inventories remain below pre-conflict levels
📉 Market Insight:
Wells Fargo expects Brent to move below $80 from Q2 2027, but warns that low inventories and ongoing supply disruptions could keep oil prices vulnerable to sudden spikes.
#Oil #BrentCrude #Energy #commodities #BinanceSquare $BZ
Brent crude settled at $103.87 on Friday, but Wells Fargo expects prices to ease significantly next year as supply pressures fade and demand weakens.
🔑 Key Points:
• Brent Friday close: $103.87
• Wells Fargo 2027 average: $79.30
• Q2 2027 forecast: $79.00
• Q3 2027 forecast: $77.70
• Q4 2027 forecast: $76.30
• Oil inventories remain below pre-conflict levels
📉 Market Insight:
Wells Fargo expects Brent to move below $80 from Q2 2027, but warns that low inventories and ongoing supply disruptions could keep oil prices vulnerable to sudden spikes.
#Oil #BrentCrude #Energy #commodities #BinanceSquare $BZ
