[America Raises Brent Crude Oil Year-End Target to $110 Due to Persistent Middle East Risks] BlockBeats reported on October 28 that America raised its year-end Brent crude oil forecast from $100 to $110 per barrel, citing supply disruptions in the Middle East, declining inventories, and record transportation costs. The bank also raised its March 2027 target to $95 and its June 2027 target to $90. The report noted that global visible oil inventories have fallen by more than 500 million barrels since February, while tanker freight costs from the Middle East to China have surged to $30–40 per barrel.