Brent crude has risen above $82 per barrel, reaching a high point amid ongoing concerns over Middle East supply disruptions. The commodity has traded between $72 and $95 per barrel throughout 2026, reflecting its historical sensitivity to geopolitical tensions. Prediction markets assign a 3.6% probability to crude oil hitting a new all-time high by September 30, and 11.5% by year-end. OPEC and key figures including Secretary General Mohammad Sanusi Barkindo will remain pivotal to global oil market dynamics. Any announcements regarding production adjustments could significantly shift market expectations through the remainder of the year.
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