Crude oil unlikely to fall to $70 in 2026, may remain at $80-85: Report

Crude oil prices are unlikely to fall to $70/barrel this year and are expected to stay in the $80-85 range in 2026, according to the Union Bank of India. The report said that while prices may ease from current elevated levels, a sharp decline is unlikely given ongoing global uncertainties. Notably, Brent crude rose 1.4% to $110.60/barrel on Sunday.