Wall Street banks are raising their forecasts for Brent crude as shipping disruptions in the Middle East continue and add to pressure on global oil supplies. According to the market update cited by BlockBeats on Sept. 11, HSBC now expects Brent crude to average $90 in 2026. Goldman Sachs said prices could move above $120 if severe production disruptions in the Gulf persist. Bank of America outlined a more extreme scenario, saying Brent could reach $150 if major damage hits energy infrastructure. The revised outlook reflects growing concern that prolonged transport disruptions in the Gulf could tighten supply conditions further.
Wall Street banks are lifting their Brent crude forecasts as shipping disruptions in the Middle East continue to strain global oil supplies, according to a market update cited by BlockBeats on Sept. 11.
HSBC expects Brent crude to average $90 in 2026. Goldman Sachs said prices could rise above $120 if severe production disruptions in the Gulf continue. Bank of America pointed to a more extreme case, saying Brent could reach $150 if major damage is inflicted on energy infrastructure.
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