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Robin Brooks: Brent oil near $85 expected to lower U.S. gasoline to $4 per gallon
Robin Brooks forecasts Brent oil prices approaching $85, which he believes will bring the average U.S. gasoline price down to $4.0 per gallon.
He notes that markets are reaching these targets and suggests that, as in past conflicts, normalization should follow soon.
Brooks previously analyzed how a peace deal could lower Brent's risk premium and shift oil prices toward $85 with U.S. gas at $4, according to a recent note here. He has also argued that the latest spike in oil prices came without new developments since the Strait closure, marking a third major panic this cycle here. These assessments provide context for Brooks’s current outlook.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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