The bank also lowered its 2027 outlook to $85 and said delayed supply recovery should keep oil inventories falling for at least the next few weeks.
Barclays lowered its Brent crude price forecasts, cutting its 2026 expectation to $96 a barrel and its 2027 view to $85 a barrel. The bank said a lag in supply recovery is expected to keep oil inventories declining for at least the next few weeks, underscoring a tighter near-term market balance even as it trims its longer-term price outlook.