Wall Street Warns of a Deepening Oil Glut in 2026 ...Middle East

Oversupplied markets will keep oil prices under pressure next year, and the U.S. benchmark will average below $60 per barrel, the monthly Reuters poll of analysts and economists showed on Friday. The U.S. benchmark, WTI Crude, is expected to average $59 per barrel in 2026, according to the poll of 35 analysts and economists. That’s lower compared to the $60.23 per barrel forecast in last month’s survey. The analysts expect Brent Crude, the international benchmark, to average $62.23 per barrel next year, down from $63.15 forecast in…

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