Market Survey Shows Crude Oil Expected to Remain Capped Around $100/Barrel Over Next Year

According to Jin10, a market survey on May 21 shows that crude oil prices are broadly expected to be capped around $100 per barrel over the next 12 months, as demand destruction offsets supply losses from the U.S.-Iran conflict.

Most respondents expect Brent crude to average $81-100 per barrel over the coming year, with roughly two-thirds believing oil will carry a persistent risk premium of $5-15 per barrel in coming years. Global supply disruptions are projected between 3-7 million barrels per day.