BRENT OIL TO STAY HIGH SHORT-TERM, SLIDE BELOW $80 BY YEAR-END – EIA 🔸Brent oil likely above $95/bbl over the next 2 months due to Middle East tensions; expected to drop to $70/bbl by end-2026. 🔸U.S. oil production projected at 13.6 mln bpd in 2026, rising to 13.8 mln bpd in 2027. 🔸Strait of Hormuz disruption will cut Middle East output temporarily; gradual recovery expected. 🔸U.S. gasoline prices forecast at $3.34/gal in 2026, $3.18/gal in 2027. 🔸OPEC+ unlikely to boost production significantly next year; global supply to exceed demand once Hormuz flows resume. 🔸Global inventories set to grow by 1.9 mln bpd in 2026 and 3.0 mln bpd in 2027.(*Walter Bloomberg)