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Brent Crude Falls to $79.5 From $95, Weakens BoE Rate Hike Expectations for 2026

2026-06-17 12:47:08

According to Scotiabank's Pooja Kumra, a sharp oil price decline could reduce market expectations for Bank of England rate hikes over coming months. Brent crude has fallen to $79.5 per barrel from around $95 a week ago, following a U.S.-Iran peace agreement.

Data from the London Stock Exchange Group shows the market is currently pricing in 26 basis points of cumulative BoE rate increases for 2026.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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In-Depth Analysis

Brent and WTI Crude Fall Below $79 and $76 as US-Iran Deal Expected Friday

Lucas Bennett2h ago

Oil prices fall below $80, and the Iran-U.S. talks enter the second phase: will BTC and other risk assets see a turning point?

Gate Instant Trends3h ago

WTI, Brent Crude Fall 3% as US-Iran Agreement Fuels Strait of Hormuz Reopening Hopes

Lucas Bennett06-16 12:53

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