NewsSignals AI analysis·Businessworld·Oct 29, 2026

Kotak Forecasts FY27 Oil Prices At $100 Per Barrel Amid West Asia Crisis

Grade Abullish AI signal$BRENT$WTI

Kotak Institutional Equities has raised its FY2027 crude oil price forecast to $100 per barrel from $90, citing prolonged West Asia supply disruptions and renewed attacks on Saudi infrastructure and oil tankers. The brokerage reported that Dated Brent averaged $126 per barrel in October up to the report date and raised ONGC's fair value to Rs 360 per share while retaining its Buy rating. Persisting regional hostilities could keep oil prices elevated, although Kotak expects prices to ease in the second half of FY2027 if supply flows normalise and the conflict does not intensify.

Bullish strength: 75/100

Kotak raised its FY2027 crude oil price assumption to $100 per barrel from $90 due to prolonged supply disruptions.
Renewed hostilities and tanker disruptions have contributed to oil prices reaching six-month highs.
Higher crude oil and new-well gas realisations prompted Kotak to raise FY2027 earnings estimates for ONGC and Oil India by 16–17%.

Bearish strength: 25/100

Kotak expects crude oil prices to ease in the second half of FY2027 if hostilities do not intensify and supply flows normalise.
Kotak retained its long-term crude oil price assumption at $75 per barrel.

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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