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      Major Banks Increase Brent Oil Price Forecasts Amid Ongoing Gulf Disruptions

      Major financial institutions are adjusting their forecasts for Brent crude oil prices due to ongoing disruptions in shipping routes in the Middle East. HSBC has projected that Brent will average $90 per barrel in 2026, while Goldman Sachs has issued a warning that prices could surpass $120 if production in the Gulf remains significantly affected.

      Bank of America has presented an even more severe outlook, suggesting that prices could reach as high as $150 per barrel if there is substantial damage to energy infrastructure in the region. As a result of these developments, oil prices are expected to close the week above $100 a barrel.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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