
A Reuters poll of 38 economists and analysts forecasts Brent averaging $82.85 a barrel in 2026, about 30% above the February forecast. U.S. crude is projected at $76.78, up from $60.38, with both benchmarks up about 60% since the conflict began on February 28.
Analysts are repricing the crude outlook sharply higher, which supports biofuel economics and raises input costs for feed production. The survey signals that elevated energy prices are expected to persist through 2026.
After 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.