Rabobank Cuts Brent and WTI Price Forecasts Through 2028
Rabobank lowered its Brent crude forecast for Q3 2026 to $79/bbl from $103, and expects Brent to average $74.50 in 2027 and $71 in 2028. WTI estimates were also reduced.
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Rabobank has sharply reduced its oil price outlook, cutting the Brent crude forecast for Q3 2026 to $79 per barrel from a previous $103. The bank now expects Brent to average $74.50 per barrel in 2027 and $71 per barrel in 2028.
For West Texas Intermediate (WTI), Rabobank forecasts $75.50 per barrel for Q3 2026 and $74 for Q4 2026. The 2027 WTI forecast was lowered to $70 per barrel, and the 2028 estimate to $66.50 per barrel.
The revised projections reflect a bearish view on crude prices over the medium term.
Source: First Squawk