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Glut To Trump Geopolitics to Keep Oil Price around $60 This Year
Market Intelligence Analysis
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Why This Matters
A Reuters poll of 31 economists and analysts predicts oil prices to remain stable around $60 per barrel in 2026, driven by global oversupply, despite potential geopolitical tensions.
Market Context
Market impact analysis based on neutral sentiment with 85% confidence.
Sentiment
Neutral
AI Confidence
85%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The global oversupply is set to override geopolitical flare-ups this year, keeping oil prices close to the $60 per barrel mark, the monthly Reuters poll showed on Friday. Brent Crude prices are expected to average $62.02 per barrel in 2026, according to 31 economists and analysts surveyed by Reuters in January. This month’s estimate for the average Brent price this year is higher compared to the December forecast of $61.27. The analysts in the poll expect the U.S. benchmark, WTI Crude, to average $58.72 per barrel in 2026, slightly above…
AI Breakdown
Summary
A Reuters poll of 31 economists and analysts predicts oil prices to remain stable around $60 per barrel in 2026, driven by global oversupply, despite potential geopolitical tensions.
Market Context
Market impact analysis based on neutral sentiment with 85% confidence.
Time Horizon
Short Term
Original article published by
OilPrice.com
on January 30, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.