Oil Prices Rebound Amid Persistent Middle East Supply Risks
Oil prices have rebounded, with forecasts predicting Brent crude will remain above $100 per barrel for months. The U.S. Energy Information Administration has raised its price projections, citing Iran's ongoing conflict which is draining global oil stocks. Goldman Sachs has also adjusted its December 2026 Brent price forecast to $90 per barrel.
Oil prices have rebounded, with forecasts predicting Brent crude will remain above $100 per barrel for months. The U.S. Energy Information Administration has raised its price projections, citing Iran's ongoing conflict which is draining global oil stocks. Goldman Sachs has also adjusted its December 2026 Brent price forecast to $90 per barrel.
Sources
- WSJ — Oil Prices Rebound Amid Persistent Middle East Supply Risks
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