US EIA Raises 2026 Brent Price Forecast by $10 to $96/bbl

The EIA's upward revision matters less as a price call than as a signal that the US government's own forecaster now expects a structurally tighter oil market through 2027, not a one-quarter spike. That framing feeds into inflation expectations, Fed policy debates and the cost assumptions underpinning energy-intensive sectors, including tokenized commodity and RWA yield products. The modest US output and LNG export tweaks suggest supply growth is not being modelled as the offset. Whether the November 10 STEO holds these levels or revises again is the open question.