Looking ahead to the coming week, analysts expect the Brent crude benchmark to trade in a narrow corridor around 90 to 95 dollars per barrel, with a plausible push toward 100 dollars if supply disruptions intensify. This assessment comes from Igor Galaktionov, a stock market specialist at BCS World of Investments, who spoke with socialbites.ca on the topic.
Prices are seen weaving within a 90–95 dollar band, yet any interruption in mining activity or logistics could nudge quotes higher. A brief surge to 100 dollars per barrel is considered a distinct but possible scenario if market nerves sharpen in response to supply-side shocks. The emphasis is on volatility that can arise from forced shutdowns or unexpected interruptions in key producing regions.
Galaktionov notes that forced majeure events have historically occurred at mining facilities and can quickly alter the price landscape. Potential triggers include strikes affecting Norwegian operations, geopolitical tensions in the Libyan region, disruptions to tanker traffic in crucial shipping lanes of the Persian Gulf, and severe weather events such as hurricanes in the Gulf of Mexico. Each event disrupts flow and can briefly tighten available supplies, adding upward pressure on prices.
In his view, while these are temporary hurdles, the current market environment is especially responsive to such disruptions. Should they arise, Brent could surpass the 100 dollar mark in the short term before markets reassess the balance of supply and demand.
At 19:00 Moscow time on Friday, the Brent contract listed on the London ICE exchange stood at 94.04 dollars per barrel, marking a 0.77% gain from the opening level. This snapshot underscores a broader trend where price moves reflect both lingering supply constraints and evolving demand dynamics.