EIA raises 2026 Brent forecast to $97.44, citing tighter supply

The EIA revised its 2026 Brent crude forecast up by $1.12 to $97.44/bbl, a marginal adjustment that signals a modestly tighter supply outlook. The change is incremental and does not represent a major shift, but it reinforces a higher-for-longer oil price narrative. The revision may reflect updated expectations for OPEC+ policy or demand, though specifics are not provided.

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