Even with a durable ceasefire, these factors will support oil prices: BCA
Nov 13, 2026, 10:35 AM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
If inventories remain depleted and demand recovers, the supply/demand balance could keep Brent supported around the $90–$110 range; the analysis implies less downside from a ceasefire and asymmetric upside if disruptions re-emerge. The effect is primarily a supply/demand-driven support for prices, conditional on inventory and demand paths.
AI summary
What happened, with direct paths to the underlying reporting
BCA Research says the war premium in oil is largely priced out, forecasts Brent at $90–$110/bbl, and argues depleted inventories plus recovering demand create a price floor even if a durable ceasefire occurs.
BCA Research said oil’s month-to-date selloff has largely priced out much of the war premium.
BCA Research expects Brent crude to trade in a range of $90 to $110 per barrel.
BCA said depleted inventories and constrained physical/futures market pricing mean recovering demand and inventory rebuilding could absorb extra Gulf output, creating a floor for Brent even with a durable ceasefire.
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