Brent crude, oil futures
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Brent crude is now expected to average $85 a barrel this year, up from a previous forecast of $77. The U.S. oil gauge West Texas Intermediate is seen at $79 a barrel from $72 earlier.
Brent crude oil prices shot up as the US and Israeli war against Iran disrupted oil supplies in the Middle East. CNN’s Word of the Week asks: How did the benchmark barrel of oil get the name “Brent”?
Oil prices look set to rise on Monday after U.S. and Iranian trade threats to target energy facilities, analysts said.
Oil prices climbed again because of the war with Iran, tightening their grip on the global economy and sending stock markets lower around the world.
The energy shock from the Iran war is threatening to become a full-blown global crisis. But you wouldn’t know it looking at U.S. oil prices.
OilPrice.com on MSN
India Holds Fuel Prices Steady Even as Oil Basket Soars Above $155
India has kept retail fuel prices stable for now by relying on refinery absorption, strong inventories, and diversified crude supplies despite a sharp surge in its oil basket price.
Goldman Sachs late on Sunday raised its 2026 average price forecast for Brent crude oil to $85 per barrel (bbl) from $77, while raising its West Texas Intermediate (WTI) forecast to $79/bbl from $72.
Stock markets plunged and oil prices surpassed $100 per barrel today amid the US war in Iran. How high will crude oil get? See the latest predictions.
Goldman Sachs has raised its oil price forecasts as the Strait of Hormuz crisis threatens a historic supply disruption.