US EditionHSBC sees oil price spikes on geopolitics, maintains $65 brent forecast
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Oil sector will record oversupply of crude oil in 2026. Image: Atlascompany generated with AI in FreepikBy 2026, Fitch Ratings' forecasts indicate that Brent would be located at $63 per barrel and that there would be an excess of supply in the global market. The qualifier argued that any possible lack of supply in Iran, resulting from increased political tensions, can be absorbed by the energy market thanks to excess supply. It should be noted t…
HSBC sees oil price spikes on geopolitics, maintains $65 brent forecast
(Investing) – Oil prices could see further upside in 2026 as geopolitical risks continue to drive volatility, HSBC says, though the bank adds that underlying market fundamentals should limit rallies and keep prices anchored in the mid-$60s range. As such, HSBC maintained its Brent crude forecast at $65 a barrel for 2026 and beyond, despite heightened tensions across several major producing regions. The bank sees the oil market caught between pers
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