FACTBOX-HSBC raises 2026 oil forecast to $80 per barrel
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HSBC has raised its 2026 average Brent oil price forecast by $15 to $80 per barrel and its WTI outlook by $14 to $76. This adjustment follows a significant increase in oil prices due to the ongoing conflict in the Middle East, which has disrupted supply routes. Brent prices have surged over 27% and WTI by about 33% since the conflict began. As of now, Brent is priced at $92.06 and WTI at $89.21, following comments from U.S. President Trump suggesting a potential end to the conflict.
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Source: Reuters The copyright of this article belongs to the original author/organization.
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