Barclays said its oil-price forecast is increasingly skewed to the upside amid Middle East developments and resilient demand. If the current situation persists, oil could rise roughly 50% from current levels before the market rebalances. Inventory and demand indicators point to significant upside before supply and demand normalize. Non‑OPEC supply response has been limited so far but may change in coming months due to production adjustment lags; excluding Brazil, non‑OPEC output growth has not m

Barclays said its oil-price forecast is increasingly skewed to the upside amid Middle East developments and resilient demand. If the current situation persists, oil could rise roughly 50% from current levels before the market rebalances. Inventory and demand indicators point to significant upside before supply and demand normalize. Non‑OPEC supply response has been limited so far but may change in coming months due to production adjustment lags; excluding Brazil, non‑OPEC output growth has not materially exceeded expectations.