Brent Oil Above $91: Is Another $100 Oil Shock Coming?
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Chevron Shares Gain 0.8% with Brent at $91, Analysts See 5.7% Upside
HOUSTON, August 18, 2026, 10:25 CDT – Chevron shares (CVX) climbed 0.8% following Brent crude holding at $91, as analysts project a further 5.7% upside for the oil major. Shares of Chevron Corporation (NYSE:CVX) advanced 0.8% to $204.32 in late morning deals. Brent crude added 0.4% at $91.23 as prospects for a U.S.-Iran deal dimmed.…
The rise in oil prices threatens to move rapidly to the pumps and, if it persists, will end up raising the costs of air transport, logistics and numerous consumer products.
Brent Oil Above $91: Is Another $100 Oil Shock Coming?
Brent crude oil has moved back above $91 a barrel, and the question now being asked by businesses, consumers and governments is where does oil go from here?. The answer depends less on the normal workings of the oil market than it does on geopolitics.
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