Analysts Warn: Crude Oil Steady at $80-85 by 2026, But West Asia Conflict Could Drive Prices to $130
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Crude Oil Steady at $80-85 by 2026; West Asia Conflict Could Spike Prices to $130
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Firstpost•06-04-2026, 19:48
Crude Oil Steady at $80-85 by 2026; West Asia Conflict Could Spike Prices to $130
•Crude oil prices are projected to remain stable at $80-85 per barrel in 2026, unlikely to fall to $70, according to a Union Bank of India (UBI) report.
•Escalating tensions in West Asia pose a significant risk, with analysts warning Brent crude could surge to $130-140 if the conflict prolongs.
•Supply disruptions from West Asia, which contributes 8-10% of global oil supply, are the primary concern for a potential price spike.
•For India, oil prices stabilizing at $90 could slow GDP growth to 6.5% and keep inflation above 4.5% in FY27, impacting macroeconomic stability.
•A ceasefire in West Asia could bring prices back to the $80-85 range, but volatility is expected in global energy markets.
