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📈 Economy · Next Month

Brent crude oil (ICE front-month) trades above $100.00 per barrel on August 29, 2026

Pending ✦ AI-generated prediction Published on 24. July 2026 · Predicted for 29. August 2026 · Based on: Ongoing Event
Probability
35%

Brent crude traded at $97.04 on July 24, 2026 — having briefly breached $100 driven by Middle East risk premia (Houthi Red Sea attacks, IDF–Hezbollah tensions) and new US tariffs. A return above $100 by late August is plausible if: (a) Middle East hostilities escalate, (b) OPEC+ refrains from production increases, (c) Houthi threat level is maintained. Counter-arguments: tariff-driven demand destruction and China slowdown. Net probability ~35%.

Data basis for this prediction
  • Fortune.com: 'Current price of oil 07-24-2026' — Brent crude $97.04/bbl, down $1.45 from July 23 (24. Juli 2026)
  • FX Leaders (24. Juli 2026): 'Brent hits $100 as September ECB hike odds jump to 80%' — confirms recent $100+ breach
  • UKMTO: Houthi attack pattern Rotes Meer / Bab el-Mandeb 2026 (ongoing reports)

Note: This is an AI-generated statistical forecast for entertainment and information purposes. It does not constitute investment advice or a recommendation to buy or sell any financial instrument.

Verdict: Pending
This prediction is still open. It will be evaluated automatically against real-world sources after its due date.
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