Barclays Maintains $100/bbl Brent Forecast For 2026
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May 8 (Reuters) - BARCLAYS:
MAINTAINS $100/BBL BRENT FORECAST FOR 2026 WITH RISKS SKEWED HIGHER
EVEN IN MOST OPTIMISTIC SCENARIO, WE THINK OIL PRICES ARE PROBABLY TOO LOW AS DEMAND REMAINS LARGELY RESILIENT AND INVENTORIES CONTINUE TO DRAW FAST
SAYS REFINED PRODUCT SUPPLY IS A BIGGER CONSTRAINT, ESPECIALLY FOR MIDDLE DISTILLATES
RECOMMEND GOING LONG THE DECEMBER 2026 ICE GASOIL MINUS BRENT CRACK SPREAD AT $33.4/BBL AT THE TIME OF WRITING
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