Barclays Says Brent Could Top $85/bbl if Russian Exports Drop Sharply

(Reuters) – Brent crude could rise above $85 per barrel if Russian exports fall sharply, Barclays said, well above the bank’s previous forecast of $66 per barrel for 2026. In late October, U.S. President Donald Trump imposed Ukraine-related sanctions on Russia’s largest oil companies, Lukoil and Rosneft, in Washington’s toughest measures against Russian business during … Read more