Oil price forecast: A bearish outlook for Brent in 2026 - J.P. Morgan

Rabobank Oil Price Forecast 2026: Brent To Fall To $60 In Early Next Year - Exchange Rates Org UK

Oil Price Forecast: JPMorgan Warns Against Complacency - Exchange Rates Org UK

Global Commodities: Oil Outlook 2026/2027—Heavy Lifting

The desk anticipates a significant oversupply in the global oil market, which is expected to exert downward pressure on prices through 2026 and 2027. Per the full note from J.P. Morgan, global oil supply is projected to expand at three times the rate of demand growth in 2026, leading to widening surpluses. This outlook aligns with our consensus target of 1.075 for oil prices, with a range from 1.04 to 1.12, as we see a divergence in expectations among major firms regarding future price levels.

Oil Price Forecast: Brent Seen At $107 In Q2 2026 On Prolonged Supply Shock - Exchange Rates Org UK