GENERAL11 Sept 2026
Crude oil at $120/bbl? Mirae Asset Sharekhan explains why this is possible
Crude oil forecasts have been raised. Mirae Asset Sharekhan says prices could reach $120 a barrel, because recent events may shrink global stockpiles. Brent is above $108 and WTI above $103, with both up 23 per cent in September and about 78 per cent this year. For businesses, fuel, transport and freight bills may stay high. Review your costs and margins, and plan ahead.
Key Statutory Highlights
- Mirae Asset Sharekhan expects average crude oil prices to stay much higher than its earlier forecast.
- Brent crude is trading above $108 a barrel and WTI is trading above $103 a barrel.
- Both benchmarks have gained 23 per cent in September and about 78 per cent so far this year.
Actionable Advice for Taxpayers / Founders:Take a fresh look at your fuel, transport and freight costs this quarter, and speak to your CA if higher crude prices are already squeezing your margins. Treat the $120 forecast as an outlook, not a certainty.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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