"Nudging down 2027 forecast..."

According to market data, Brent futures with the August delivery gained 1.85% to $93.14 a barrel on London-based ICE

Crude oil futures fall as Trump hints at a potential peace deal with Iran, affecting market dynamics significantly.

WTI crude fell sharply during the week as traders scaled back expectations of a major U.S.-Iran escalation, outweighing support from a large drawdown in U.S. oil inventories.

Brent crude falls as optimism rises strait of Hormuz could reopen over the weekend Business live – latest updates

"Nudging down 2027 forecast..."

Crude benchmarks retreat as Hormuz fears ease and traders unwind risk bets

Goldman Sachs on Thursday lowered its 2027 average Brent oil price forecast to $80/bbl, citing stronger supply growth and persistent demand weakness, even as it warned prices…

US-Iran peace deal sparks immediate drop for Brent crude but analysts warn complex negotiations lie ahead, potentially halting further significant drops

Brent crude futures falls $4.08 to $83.25 a barrel and US West Texas Intermediate falls $4.35 to $80.53.