Brent crude is projected to average $96 this year amid low inventories and Middle East tensions. New all-time high by December 31 at 15% YES.

Brent crude rises to $86.09, up $16 from last year. New all-time high by September 30 at 5% YES.

Oil nears $90 as Middle East tensions disrupt Hormuz. Explore what inventory trends and geopolitical risks could finally push Brent crude above this key level.