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View: Oil Breached $100. The Market Still Doesn’t Believe in $150.

Brent crude rose above $100 per barrel driven by geopolitical tensions and supply disruptions, despite analysts forecasting an average of $57–$62 for 2026.

Summary by Semafor
Wael’s viewBrent crude — the international benchmark oil price — broke through $100 a barrel on Monday for the first time in years. Yet it fell back quickly. The takeaway: Traders are pricing in a crisis, not a catastrophe. One variable separates those two outcomes.When Qatar’s Energy Minister Saad Sherida Al Kaabi told the Financial Times last week that crude could hit $150 within two to three weeks, events on the ground made the warning credib…

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IBTimes UK broke the news in United Kingdom on Monday, March 9, 2026.
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