Brent: Higher-for-longer price trajectory – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note they raise their Brent forecasts, projecting USD100/bbl at end-2026 and USD85/bbl at end-2027 as months of Middle East disruption erode market buffers. Despite recovering Gulf exports, depleted inventories, stretched logistics and persistent shipping risks point to transportation bottlenecks and higher freight costs, reinforcing a…
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