HSBC ON OIL: OUR BASE CASE ASSUMES A RETURN TO NORMAL GULF EXPORTS BY END-SEPT

- HSBC on Wednesday lowered its Brent crude oil price forecast for 2026 to $80 per barrel from $95/bbl, as it assumes a return to normal Gulf oil exports by the end of September.

The bank also lowered its 2027 Brent price forecast to $65/bbl from $75/bbl.