CBA sees Brent oil futures trading at US$70-US$100 in H2 2026 amid volatility

Reuters2026/09/09 05:09

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Commonwealth Bank analysis flagged diesel shortages as the bigger risk than crude-price headlines, citing tightening refined product inventories.
Brent slid to USD 70 on July 2 as Strait of Hormuz flows rebounded following a June 17 US-Iran MoU.
Prices surged toward USD 100 from July 7 as US-Iran violence escalated, stoking fears of global oil and product stock depletion.
Brent dipped to USD 78 in early August, then rebounded to USD 95-100 on shifting expectations for a US-Iran deal.
Forecast range held at USD 70-100 for Brent in 2H 2026, with elevated volatility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Commonwealth Bank of Australia published the original content used to generate this news brief on September 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CBA sees Brent oil futures trading at US$70-US$100 in H2 2026 amid volatility

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