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Standard Chartered raised its 2026 Brent forecasts, lifting its first-quarter forecast to $74 from $62 and its 2026 average to $70 from $63.50. Brent futures rose about 6% to $82.38 as the US-Israel war against Iran widened and disrupted Middle East oil and gas shipments.
A bank forecast upgrade reflecting ongoing Gulf supply risk signals higher expected crude prices, which raise energy and transport costs across feed supply chains.
reuters.comMar 3, 2026After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
