Controversy
Status:Open
Will Brent Crude Oil Average Above $80 per Barrel in Q4 2026?
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Claims
ICE (Intercontinental Exchange)“ICE Brent crude futures for October, November, and December 2026 were trading at $80.75, $79.11, and $77.86 per barrel, respectively, implying an average Q4 futures price of approximately $79.24 per barrel.”Jul 28, 2026
CME Group“CME Group’s Brent crude oil futures settlements for October, November, and December 2026 were $85.87, $83.67, and $81.99 per barrel, respectively, indicating that the market expected Brent to remain above $80 per barrel throughout Q4 2026.”Jul 28, 2026
ANZ"ANZ forecasts Brent crude above $90 per barrel for the remainder of 2026 and in the range of $80 to $85 per barrel in 2027, per ANZ research."May 04, 2026
JPMorgan"J.P. Morgan Global Research now forecasts Brent crude to average $86 per barrel (bbl) in the third quarter of 2026, $80 in the fourth quarter and $78 at year-end."Jul 28, 2026
Goldman Sachs"Goldman Sachs keeps its $80 Brent forecast for 2026Q4, but sees near-term risks tilted higher."Jul 28, 2026
Oxford Economics"We forecast Brent crude oil to end 2026 at $58 per barrel (pb) and ease to $55 in 2027, lower than consensus expectations."Jan 28, 2026
Citigroup"The bank cut its oil price forecast to $75 per barrel of Brent in the third quarter of this year, falling further to an average of $70 per barrel in the final quarter."Jun 16, 2026
Reuters"On average, analysts see Brent easing from about $84 in the third quarter of 2026 to around $79 in quarter four, before falling to the mid-$70s by mid-2027, according to the [Reuters] poll."Jul 28, 2026
BloombergNEF"If the disruption persisted through the rest of 2026, Brent could average $91/bbl in 4Q 2026."Jan 16, 2026
Morgan Stanley"Morgan Stanley now expects Brent crude to average $82 a barrel in the third quarter, down from its earlier forecast of $86, and $78 in the fourth quarter, compared with $82 previously."Jul 28, 2026
U.S. Energy Information Administration (EIA)"We expect that Brent crude oil prices will fall from an average of $103/b in 2Q26 to $70/b in 4Q26, which is $19/b lower than in our June STEO."Jul 28, 2026
Daan Struyven"If shipping flows through Hormuz were to remain disrupted, our models suggest that Brent might indeed exceed $120 per barrel, with WTI going to just under $120."Jul 22, 2026
Commerzbank"We now expect a price of $90 per barrel by the end of September and $85 by the end of the year."Jul 28, 2026
© 2026 Improve the News Foundation. All rights reserved.Version 7.7.2
© 2026 Improve the News Foundation.
All rights reserved.
Version 7.7.2