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Brent rose to its highest level since October 2025 at $66.20 and WTI reached a near three-month high of $61.80, after a fifth straight session of gains. Citi raised its three-month Brent forecast to $70 a barrel, citing protests in Iran and rising geopolitical risk.
A growing risk premium and a higher bank forecast point to firmer crude prices, which would lift energy and transport costs for feed producers.
db.forbesmiddleeast.comSamra Ahmed, Julian Nabil, Hussein Abdel Fattah, Joyce AbañoJan 14, 2026After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Brent hit its highest level since October 2025 after a fifth straight session of gains on Iranian protest risk, and Citi's higher forecast reinforced bullish sentiment within the 5-day window ending Jan 14.
It shows WTI at a near three-month high after five straight gains, leaving the market stretched and vulnerable to a sharp reversal and profit-taking once Iran-related risk faded.
