Middle East Watch: How high could Brent Oil go?

Beginner

Mar 3, 2026

3 min read

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Detailed Summary

Brent Oil hits 1-year high, revisits $80/bbl price region as expected
Middle East conflict already disrupting oil and LNG supplies, choking Straits of Hormuz tanker traffic
Rising oil prices could fuel global inflation, derail Fed policy outlook, and feed US voter discontent ahead of midterm elections
Citigroup, JPMorgan, and other market watchers have forecasts ranging from $85, to as high as $150 per barrel (/bbl).
A return to $100/bbl would mark first time world sees triple-digit Brent since 2022

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Beginner

Mar 3, 2026

3 min read

AI Summary

Quickly grasp the article's content and gauge market sentiment in just 30 seconds!

Detailed Summary

Brent Oil hits 1-year high, revisits $80/bbl price region as expected
Middle East conflict already disrupting oil and LNG supplies, choking Straits of Hormuz tanker traffic
Rising oil prices could fuel global inflation, derail Fed policy outlook, and feed US voter discontent ahead of midterm elections
Citigroup, JPMorgan, and other market watchers have forecasts ranging from $85, to as high as $150 per barrel (/bbl).
A return to $100/bbl would mark first time world sees triple-digit Brent since 2022

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Also, enjoy 555% APR on Bybit Earn products!