BlockBeats News, April 30 — S&P has announced that it has raised its price expectations for WTI and Brent crude oil for the remaining period in 2026 by $15 per barrel, and by $5 per barrel for 2027. The latest forecasts show a target price of $95 per barrel for WTI crude oil in 2026 and $100 per barrel for Brent crude oil.
S&P attributes this upward adjustment to two main factors: first, the ongoing escalation of oil supply disruptions; second, the geopolitical risk premium driven up by the deadlock in US-Iran nuclear negotiations.
Regarding the outlook for the Strait of Hormuz, S&P is cautious in its wording — even if the strait fully reopens, oil flows may only gradually recover, and any reopening scenario will be relatively fragile and susceptible to intermittent disruptions.
S&P also points out that current oil prices need to rise further or remain high for a long period to effectively curb demand and improve the global supply-demand balance. Price assumptions for 2028 and beyond remain unchanged for now.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
FOMC Members Shift Hawkish Amid Strong Economic Data and Rising Energy Prices
According to analyst Audrey, cited by 金十, FOMC members have shifted toward a hawkish stance recently due to strong economic performance and rising energy prices driving persistent inflation. Audrey noted that from the U.S. dollar perspective, this indicates the Federal Reserve's policy and yield-dri
GateNews27m ago
Federal Reserve Shifts Inflation Description to 'Elevated' From 'Slightly High'
According to Bloomberg, the Federal Reserve updated its inflation assessment today, describing price pressures as 'elevated' rather than 'slightly high' in its latest statement. The central bank attributed the shift partly to the impact of global energy prices.
GateNews43m ago
S&P Raises 2026 Oil Price Forecasts by $15/Barrel to $95 WTI, $100 Brent
According to S&P, on April 30, the company raised its 2026 WTI and Brent crude oil price forecasts by $15 per barrel to $95 and $100 respectively, with 2027 targets increased by $5 per barrel. S&P attributed the upward revision to two factors: persistent oil supply disruptions and heightened geopoli
GateNews2h ago
Gold Declines 14% as Crude Oil and U.S. Treasuries Surge in Volatility on April 29
According to CME Group, crude oil, U.S. Treasuries, and gold surged in volatility on April 29, reflecting a cross-asset contagion pattern. The CME CVOL index showed crude oil and U.S. Treasury 30-day implied volatility rising sharply, while Treasury convexity has climbed since late 2025, signaling m
GateNews3h ago
U.S. Crude Oil Net Imports Fall to Negative, Hit Record Low; Weekly Exports Surge Over 6M Barrels per Day
According to U.S. Energy Information Administration (EIA) data, American crude oil net imports fell to negative levels in the latest week, marking a historic low. Meanwhile, weekly crude oil exports surged to a record high of over 6 million barrels per day
GateNews3h ago
U.S. Crude Oil Inventories Fall 6.234M Barrels for Week Ending April 24, Well Below Forecast
According to Jinshi, U.S. crude oil inventories fell by 6.234 million barrels for the week ending April 24, significantly exceeding expectations of a 231,000-barrel decline. The prior week saw inventories rise by 1.925 million barrels.
GateNews4h ago
