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A Reuters poll of 31 economists and analysts raised its 2026 average Brent forecast to $85.22 a barrel from $84.50 in June, and WTI to $80.14. Respondents cited shipping disruptions in the Strait of Hormuz and Houthi attacks in the Red Sea.
Higher expected crude averages support biofuel and vegetable oil values and raise energy costs for feed milling and transport.
reuters.comNoel JohnJul 31, 2026After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% 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.
