Brent and WTI Oil are forecast to fall below $40 by the end of 2026
These forecasts are based on two key assumptions: the US economy will avoid a recession thanks to significant tariff cuts starting on April 9, and OPEC+ will moderately increase supply with two increases of 130-140kb each in June and July.
In a scenario where global GDP growth slows, Brent is expected to fall to $54 per barrel by December 2025 and $45 by December 2026.
In a more extreme scenario, where a global GDP decline is combined with a total elimination of OPEC+ cuts, which would regulate non-OPEC supply, experts predict that Brent could fall slightly below $40 per barrel in late 2026.
