Barclays keeps its 2026 and 2027 Brent forecasts at $100 and $85
Barclays left its Brent forecasts unchanged at $100 a barrel for 2026 and $85 for 2027, judging upside risks dominant; oil fell about 2% on Tuesday.
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what happened
Barclays has kept its Brent crude forecasts unchanged, according to Reuters: $100 a barrel for 2026 and $85 for 2027. The bank still sees fundamentals as supportive, despite recent price swings.
In a note issued on Monday, Barclays said the risks to its outlook lean to the upside, since Washington and Tehran have not yet made visible headway in their talks.
Oil dropped about 2% on Tuesday to a three-week low, with Brent near $103.58 a barrel and WTI at $95.96 by 1800 GMT.
why it matters
For traders, this is one bank's view rather than a market event, but it shows how Iran-related political risk is shaping crude expectations. Barclays' table also lists WTI forecasts of $90 for 2026 and $82 for 2027, while the wider bank survey shows a wide spread of views.
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- Barclays maintains 2026, 2027 oil price forecasts — Reuters, 3 November 2026 at 18:19 UTC
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