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 geopolitical risk premiums stemming from the stalled U.S.-Iran nuclear negotiations. The company noted that current oil prices must rise further or remain elevated to effectively suppress demand and rebalance global supply and demand.
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