Brent Crude Stabilizes at Sixty Dollars Amid Longest Losing Streak

Strategic Step Down in Pricing

Brent averaged roughly $69 in 2025, but 2026 forecasts from the EIA and Goldman Sachs suggest a step down to the mid-$50s. The surplus is driven by higher OPEC+ output and cooling global demand as the energy transition gains traction.

Regional Price Gravity

Regional benchmarks confirm the downward pressure, with the OPEC basket hovering near $61. While prompt prices saw a minor bounce on Venezuelan sanctions news, the structural picture remains defined by high OECD stock builds.