[Barclays: Brent Crude Could Test $120 if Middle East Conflict Persists for Weeks] According to a report by Jinse Finance, Barclays Bank stated on Friday that if the Middle East conflict continues for several more weeks, Brent crude oil prices could test $120 per barrel. Barclays added: 'These figures may seem overly high, especially considering the generally pessimistic outlook for oil at the beginning of this year. However, we reiterate that the current fundamentals are stronger, and the risks are greater compared to the Russia-Ukraine conflict—during which we witnessed oil prices reaching these levels.'