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MACROBank of America raises 2026 Brent crude forecast to $95Oct 3WORLDDemocrats gain ground in Fox News midterms power rankingsOct 3WORLDTrump says rates are too high as bond market signals hikes are appropriateOct 3$BTCWall Street bundles Bitcoin with gold to hedge currency debasementOct 3CRYPTOBitcoin Gains Strategic Reserve Status Amid 2026 Election PrepOct 3SOBRSOBRsafe Postpones Annual General Meeting Amid Unresolved Dissolution SpeculationOct 3EARNINGSFord Faces 340% Debt Load Amidst Operating LossesOct 3MACRODallas Fed Projects Texas Job Growth Slowing to 1.2 Percent in 2026Oct 3WORLDTrump to attend No. 7 Alabama vs. No. 2 Georgia football gameOct 3POWWOutdoor Holding completes redomestication to TexasOct 3MACROBank of America raises 2026 Brent crude forecast to $95Oct 3WORLDDemocrats gain ground in Fox News midterms power rankingsOct 3WORLDTrump says rates are too high as bond market signals hikes are appropriateOct 3$BTCWall Street bundles Bitcoin with gold to hedge currency debasementOct 3CRYPTOBitcoin Gains Strategic Reserve Status Amid 2026 Election PrepOct 3SOBRSOBRsafe Postpones Annual General Meeting Amid Unresolved Dissolution SpeculationOct 3EARNINGSFord Faces 340% Debt Load Amidst Operating LossesOct 3MACRODallas Fed Projects Texas Job Growth Slowing to 1.2 Percent in 2026Oct 3WORLDTrump to attend No. 7 Alabama vs. No. 2 Georgia football gameOct 3POWWOutdoor Holding completes redomestication to TexasOct 3
NewsMacro

Bank of America raises 2026 Brent crude forecast to $95

Bank of America has lifted its Brent crude oil price forecast for the second half of 2026 to $95 per barrel, up from a previous estimate of $83. The bank attributes this upward revision to the expectation that geopolitical tensions in the Middle East will persist through the end of the year.

By Renata OstrowskiNewsroomOctober 3, 20262 min read
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Bank of America has lifted its Brent crude oil price forecast for the second half of 2026 to $95 per barrel, up from a previous estimate of $83. The bank attributes this upward revision to the expectation that geopolitical tensions in the Middle East will persist through the end of the year.

Despite the adoption of alternative shipping routes and escorted shipments, disruptions in the Strait of Hormuz continue to depress volumes by 4 to 8 million barrels per day below pre-war levels. Looking further ahead, Bank of America projects Brent crude will average $80 per barrel in 2027. However, the bank warns that prolonged supply disruptions could push front-month prices above $150.

About this story

Filed by the newsroom of MarketPR on October 3, 2026. Source: MarketPR newsroom. Indicative figures are not investment advice.

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