Standard Chartered Bucks Bearish Trend, Forecasts Oil Price Gains in 2026

We are in the final innings of the third quarter, and energy markets remain tepid amid bearish sentiment. Brent crude for November delivery was trading at $69.45 per barrel at 8.45 am ET on Friday, more than $10/bbl below the current year’s peak at ~81/bbl, while WTI crude was changing hands at $65.05 per barrel compared to the January peak of $78.71 per barrel. Oil prices have mostly traded ~15/bbl lower in 2025 compared to the previous year, primarily due to oversupply fears due to OPEC+ accelerating the unwinding of production cuts, coupled…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com