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WTI and Brent bounce from their 50-day averages, with $95 and $100 emerging as key resistance levels.
European gas-price assumptions repeatedly converge on a calm long-term future, even as actual prices are driven by shocks no model can reliably predict.
EIA upgrades 2026 Brent crude forecast to $91/bbl, up ~5% from prior estimates. Global oil stocks depleted by 400 million barrels this year due to Iran war. Middle East production shut-ins rise to 6.7 million bpd in August from 5 million bpd. Goldman Sachs warns Brent could surge above $120/bbl if disruptions persist.…