Brent Has Not Reached Its Full Potential. Forecast as of 26.10.2026

The oil market is waiting for the other shoe to drop, fearing that the US will resume strikes on Iran. However, an escalation could turn into a classic case of "buy the rumor, sell the fact." Let's examine the factors driving oil prices and develop a trading strategy for Brent.Major Takeaways Price gaps between oil grades are soaring. Shipping costs influence oil prices. The US gains from cheaper oil. Consider selling Brent when it climbs to $118.5 and $124.Weekly Fundamental Forecast for BrentO