# Brent And WTI Crude Oil Price Forecast: BofA Expects Lower 2027 Averages

> BofA maintained its 2027 average forecasts of $80 per barrel for Brent and $74 for WTI, conditional on disrupted production, shipping, and refining capacity recovering. It warned that a renewed major Middle Eastern supply disruption could instead push Brent toward $150, with depleted inventories leaving less buffer against a shock.

- Date: 2026-11-07 · published 2026-11-07T09:08:42.619Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/85777-brent-and-wti-crude-oil-price-forecast-bofa-expects-lower-2027-averages
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A recovery in supply and trade routes would add crude to the market and weigh on prices, while renewed conflict could sharply tighten flows and drive prices higher. Lower crude prices could reduce energy-related feed and freight costs if the base-case recovery occurs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-09-06 | [Crude oil prices today: WTI lowest since June 2023](https://feedsoft.ai/events/12387-crude-oil-prices-today-wti-lowest-since-june-2023.md) | -0.9% | +5.5% |
| BRENT | 2024-09-03 | [Crude oil prices today: WTI erases all 2024 gains](https://feedsoft.ai/events/12385-crude-oil-prices-today-wti-erases-all-2024-gains.md) | -7.9% | -8.0% |
| BRENT | 2026-10-29 | [Oil price today: WTI, Brent](https://feedsoft.ai/events/1436-oil-price-today-wti-brent.md) | -5.4% | — |
| BRENT | 2026-10-01 | [CPO Futures Extend Losses Amid Weaker Crude Oil Prices](https://feedsoft.ai/events/9799-cpo-futures-extend-losses-amid-weaker-crude-oil-prices.md) | +2.6% | +8.8% |
| BRENT | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | -2.3% | -11.1% |
| WTI | 2024-09-06 | [Crude oil prices today: WTI lowest since June 2023](https://feedsoft.ai/events/12387-crude-oil-prices-today-wti-lowest-since-june-2023.md) | -0.3% | +6.2% |
| WTI | 2024-09-03 | [Crude oil prices today: WTI erases all 2024 gains](https://feedsoft.ai/events/12385-crude-oil-prices-today-wti-erases-all-2024-gains.md) | -6.6% | -7.6% |
| WTI | 2026-10-29 | [Oil price today: WTI, Brent](https://feedsoft.ai/events/1436-oil-price-today-wti-brent.md) | -2.3% | — |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/47699/2026-11-07-brent-and-wti-crude-oil-price-forecast-bofa-expects-lower-2027-averages.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.