Longtime oil analyst sends dire oil price message

What: A longtime oil analyst predicts oil prices will surge to $120 per barrel by the end of 2026.
Why: The analyst cites increased demand, supply chain disruptions, and geopolitical tensions as key drivers.
Signal: Oil prices have already risen 15% in the past quarter, with Brent crude trading at $85 per barrel.
Target: The analyst's forecast suggests oil prices could reach $140 per barrel by mid-2027, depending on global events.
Risk: A sharp increase in oil prices could lead to higher inflation, reduced consumer spending, and economic instability.