October Energy Outlook - Brent at Risk of Shift to 40-60 From 60-80: Stocks Driving - The Bloomberg Energy Spot Index, Down about 3% in 2025 to Sept. 26, faces potential pressure in 4Q from a rebound in stock-market volatility. Geopolitics could buoy energy prices, but crude oil appears on a similar low-price-cure path as the well-supplied grains and natural gas, which is against global warming trends. Brent crude is at risk of shifting to a 40-60 per-barrel range in 2026 vs. 2025's 60-80. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t3checgq1z5x {BI COMD} #crudeoil #naturalgas #energy @BBGIntelligence(Mike McGlone)