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OCBC Predicts Sustained $100 Brent Oil Benchmark Through Mid-2026

Wall Street Journal Markets •
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OCBC, the prominent Asian bank, projects Brent crude oil prices will remain elevated around $100 per barrel through mid-2026. This forecast signals persistent high energy costs for global markets. The bank's outlook hinges on sustained demand from major economies and constrained supply growth, though specific drivers weren't detailed in its statement. OCBC's prediction carries weight given its expertise in energy finance and Asian market dynamics. The $100 level represents a significant premium over historical averages, potentially impacting inflation, corporate profits, and consumer spending across sectors reliant on energy inputs.