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Morningstar DBRS kept its 2027 forecasts at $71/bbl for Brent and $68/bbl for WTI, and projected $66 and $63 for 2028. The agency expects Persian Gulf supply recovery and IEA and EIA data point to global production exceeding demand by 4-5 million b/d in 2027.
A forecast of easing crude prices into 2027 suggests lower energy costs ahead, which would reduce pressure on feed transport and processing margins over time.
ogj.comOil & Gas JournalNov 12, 2026After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
