OCBC strategists have revised their Brent crude oil price forecast upward, anticipating a price of USD 80 per barrel by the end of 2026. This adjustment reflects ongoing supply disruptions in the Middle East, which are expected to continue affecting global oil availability.
According to FX Street, OCBC analysts Sim Moh Siong and Christopher Wong raised their previous forecast from USD 75 per barrel to USD 80 per barrel, citing prolonged supply constraints in the region as the key driver behind the revision.
For Japanese markets, this forecast signals potential implications for energy costs and inflationary pressures, which are crucial factors for investors monitoring FX and equities amid global commodity volatility.