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Brent Crude Stabilizes Near Sixty Dollars on Weak Demand

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Published: January 1, 2026

Economic Headwinds

Slowing manufacturing activity in key consumption hubs has reduced demand for diesel and other industrial fuels. This demand weakness is preventing Brent from breaking out of its bearish channel.

2026 Forecast

Analysts expect Brent to average in the low $60s for 2026. Without a resurgence in global economic growth or a major supply shock, the path of least resistance appears to be sideways to lower.