Markets forecast: 62% chance spot Brent stays above $110 at the end of November
Physical oil trades about $20 above futures as Gulf shipping stays under attack. Our dated forecast on the spot price.
The question: Will the EIA's Europe Brent spot price (FOB) for 30 November 2026 be above $110 a barrel?
Our forecast: 62% · Resolves: 30 November 2026 (EIA data expected by 2 December) · Source of resolution: US EIA, Europe Brent Spot Price FOB
Spot Brent crude, the price paid for physical cargoes, is more likely than not to stay above $110 a barrel at the end of November. Vocemundi puts the chance at 62%.
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