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.
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Oil prices surged to their highest level in months due to potential US strikes on Iranian military positions, with Brent crude breaking the $70 per barrel mark for the first time since July 2025.
Brent Crude prices surged to $70.71 per barrel, a five-month high, following President Trump's threat to Iran with military force, causing a 3.38% jump in prices.
Oil prices declined in early Asian trading due to shifting focus from Kazakhstan's supply disruption to rising U.S.
Oil prices plummeted 3% after US President Trump downplayed the prospect of war with Iran, reversing earlier gains driven by geopolitical risk.
Oil prices rose due to a mix of Middle East risk and Washington-driven policy uncertainty, with WTI and Brent crude increasing by 2.7% and 2.4% respectively.
Oil prices increase due to unrest in Iran, with WTI Crude up 0.4% and Brent Crude 0.34% higher, driven by concerns of potential U.S.
Oil prices rose due to concerns over potential supply disruptions from escalating protests in Iran, with WTI and Brent benchmarks trading 0.7% higher.
Oil prices dropped 4% after OPEC revised its 2026 global market forecast to balanced, citing increased non-OPEC production and recovering inventories.
OPEC+ has agreed to increase oil production by 137,000 barrels daily while pausing future hikes, which provides temporary relief to the U.S.
WTI crude oil futures are expected to post a weekly loss due to persistent oversupply risks and diminishing geopolitical risk premiums, despite a larger-than-expected US inventory draw and de-escalating trade tensions.
Oil prices have declined by approximately 1% following a week of gains, primarily due to profit-taking and concerns over oversupply.
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