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Barclays has revised its 2026 Brent crude oil price forecast to $100 per barrel, up from a previous estimate of $85. The bank cited delayed progress in the global energy transition, geopolitical tensions in oil-producing regions, and sustained demand from emerging markets as key drivers. This adjustment reflects concerns over supply constraints and the slow adoption of renewable energy alternatives. The updated forecast aligns with recent trends showing oil prices hovering near multi-year highs amid OPEC+ production cuts and US sanctions on Russian oil. For markets, this signals prolonged volatility in energy prices, which could impact inflation and central bank policies globally. Traders should monitor OPEC+ policy decisions, US shale production data, and geopolitical developments in the Middle East for potential price triggers.
