oil price prediction
Why Oil Is Rising? Brent Tops $115, Highest Price Since 2022
- Brent crude trades above $115 per barrel on April 29, 2026, the highest level since June 2022 after a seventh straight session of gains.
- Technical analysis shows that a clean break from consolidation opens the path to $125 and the 2022 peak near $140.
- UAE leaves OPEC May 1, JPMorgan warns of $150 Brent if Hormuz stays shut, while Goldman flags a $115 to $120 Q4 scenario.
Wednesday, 29/04/2026 | 09:19 GMT by
Damian Chmiel
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