Gate News message. On April 2, a DBS Bank analyst in Singapore said in a report that in the short term, Brent crude oil (one of the global crude oil price benchmarks) is expected to stay around $100 per barrel, and then gradually decline. The situation surrounding the Middle East conflict remains full of uncertainty and highly volatile. Although Trump said he hopes to end the war within two to three weeks, the key issue is that the Strait of Hormuz is still blocked, and energy infrastructure in the area has been attacked and damaged. DBS Bank keeps its forecast: Brent crude trades at $110 per barrel in the second quarter, $100 per barrel in the third quarter, $90 per barrel in the fourth quarter, and $90 per barrel in the first quarter of 2027.
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