NewsSignals AI analysis·CNBC TV18·Nov 3, 2026

Brent crude may stay between $95 and $115, says Geoffrey Dennis

Grade Bbullish AI signal$BRENT

Brent crude could remain elevated in a $95-$115 per barrel range, as geopolitical uncertainty surrounding Iran makes a sustained oil price decline difficult without meaningful progress toward peace. Geoffrey Dennis warned that further potential attacks on Iran remain a major uncertainty, while disappointing AI earnings and heavy data-center spending are also weighing on technology stocks. Persistent Middle East tensions could keep a risk premium in crude prices, while further AI earnings disappointments could intensify pressure on technology equities.

Bullish strength: 65/100

Potential further US or Israeli attacks on Iran could sustain geopolitical risk in oil markets.
Brent crude is expected to remain in the $95-$115 range absent significant progress toward peace.
Uncertainty surrounding the Iran situation could limit sustained downside in crude prices.

Bearish strength: 35/100

Trump's comments about Iran have already contributed to a significant decline in oil prices.
Meaningful progress toward peace could allow Brent crude to move below the projected range.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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