Oil Forecasts

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11:30 AMUBS Pound Sterling Forecast: Bullish GBP Bias Despite UK Political Risks - Exchange Rates Org UK 05:58 PMConflict keeps midstream compelling, integrateds see a pipeline of cash 04:38 PMIn Focus: Equity & Credit Update on AI CapEx 08:00 AMMUFG Euro To Pound Forecast: EUR/GBP To Trade Sideways With Upside Bias - Exchange Rates Org UK 12:24 AMBarclays warns yen recovery likely temporary despite Tokyo's $35bn intervention 04:23 PMPolicy Derby: Rates for the Roses 10:33 PMUS Rates - I won’t see you next time 08:06 PMGlobal Commodities: It’s Simple Math 05:22 PMGlobal FX: Yen intervention, re-assessing USD bearish view, central bank rundown 09:05 PMMorgan Stanley delays Fed cut call to 2027 (more info). Middle East risk drives dollar 11:30 AMUBS Pound Sterling Forecast: Bullish GBP Bias Despite UK Political Risks - Exchange Rates Org UK 05:58 PMConflict keeps midstream compelling, integrateds see a pipeline of cash 04:38 PMIn Focus: Equity & Credit Update on AI CapEx 08:00 AMMUFG Euro To Pound Forecast: EUR/GBP To Trade Sideways With Upside Bias - Exchange Rates Org UK 12:24 AMBarclays warns yen recovery likely temporary despite Tokyo's $35bn intervention 04:23 PMPolicy Derby: Rates for the Roses 10:33 PMUS Rates - I won’t see you next time 08:06 PMGlobal Commodities: It’s Simple Math 05:22 PMGlobal FX: Yen intervention, re-assessing USD bearish view, central bank rundown 09:05 PMMorgan Stanley delays Fed cut call to 2027 (more info). Middle East risk drives dollar

Crude Oil WTI

2026 Projections · 13 Banks

Live$67.00-0.66 (-0.99%)

Updated just nowYE $66

Updated just now

Overview Forecasts Analysis Themes Technicals Macro Track Record

All Firm Projections

13 firms

Firm	Analysts	YE Target	vs Spot %	Bull/Bear	Brent Spread	Stance	Last Revised
Mizuho	Takeshi Higashifukasawa	$100	+49.3%	$119.48/--	+$0	Bullish	Mar 13
HSBC	Kim Fustier	$73	+9.0%	$88/$58	+$5	Bullish	Jan 22
Goldman Sachs	Daan Struyven, Callum Bruce	$68	+1.5%	$85/$55	+$4	Neutral	Feb 10
Morgan Stanley	Martijn Rats	$66	-1.5%	$82/$52	+$5	Neutral	Feb 5
ANZ	Daniel Hynes	$66	-1.5%	$82/$53	+$4	Neutral	Feb 12
UBS	Giovanni Staunovo	$65	-3.0%	$80/$52	+$4	Neutral	Feb 15
Wells Fargo	Investment Institute Team	$65	-3.0%	$80/$52	+$4	Neutral	Jan 25
Barclays	Amarpreet Singh	$64	-4.5%	$80/$50	+$4	Neutral	Jan 30
J.P. Morgan	Natasha Kaneva	$61	-9.0%	$80/$50	+$4	Bearish	Feb 20
Bank of America	Francisco Blanch	$60	-10.4%	$78/$48	+$4	Bearish	Jan 28
Deutsche Bank	Michael Hsueh	$58	-13.4%	$76/$48	+$4	Bearish	Feb 8
Macquarie	Vikas Dwivedi	$58	-13.4%	$75/$45	+$4	Bearish	Feb 1
Citi	Max Layton	$55	-17.9%	$75/$45	+$4	Very Bearish	Jan 15
Consensus		$66	-1.4%	—	—	5/13 Bearish

Quarterly Targets

Q1–Q4 2026 WTI Targets by Firm

Quarterly price targets ($/bbl) grouped per firm — spot price shown as reference

WTI crude Q1 through Q4 2026 quarterly targets ($/bbl) grouped by firm; rows are quarters, columns are firms. Spot $67.00.
Quarter	JPM	GS	BofA	UBS	Citi	MS	DB	HSBC	BARC	ANZ	MQG	WFC	Mizuho
Q1	$70.00	$72.00	$71.00	$70.00	$68.00	$71.00	$69.00	$71.00	$70.00	$70.00	$69.00	$70.00	—
Q2	$67.00	$71.00	$68.00	$69.00	$63.00	$70.00	$65.00	$73.00	$68.00	$69.00	$66.00	$68.00	—
Q3	$63.00	$69.00	$62.00	$67.00	$57.00	$66.00	$60.00	$74.00	$65.00	$67.00	$60.00	$66.00	—
Q4	$61.00	$68.00	$60.00	$65.00	$55.00	$66.00	$58.00	$73.00	$64.00	$66.00	$58.00	$65.00	—

JPM

BofA

UBS

Citi

HSBC

BARC

ANZ

MQG

WFC

Mizuho

Revision Timeline

When firms last updated their oil outlook

Feb 8, 2026

89d ago$58BearishLatest

Feb 5, 2026

92d ago$66Neutral

BARC

Jan 30, 2026

98d ago$64Neutral

BofA

Jan 28, 2026

100d ago$60Bearish

WFC

Jan 25, 2026

103d ago$65Neutral

HSBC

Jan 22, 2026

106d ago$73Bullish

JPM

Feb 20, 2026

77d ago$61Bearish

Citi

Jan 15, 2026

113d ago$55Very Bearish

UBS

Feb 15, 2026

82d ago$65Neutral

Mizuho

Mar 13, 2026

56d ago$100Bullish

ANZ

Feb 12, 2026

85d ago$66Neutral

Feb 10, 2026

87d ago$68Neutral

MQG

Feb 1, 2026

96d ago$58Bearish

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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.