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Major banks lifted 2026 Brent estimates amid prolonged Middle East shipping disruptions; HSBC sees $90 average in 2026, Goldman warns Brent could exceed $120, and BofA flags up to $150 if energy infrastructure is hit. Oil is on track to finish the week above $100 a barrel.
Goldman Sachs, Bank of America, and Commerzbank raised their Brent price forecasts, citing persistent disruptions to Middle East shipping and tighter oil markets that pushed crude to multi-week highs.