Brent near $92 as World Bank flags 2026 commodity spike

Energy, food, metals and gold are all forecast higher as Middle East fighting, Black Sea grain delays and tight oil stocks stack pressure on markets.

The World Bank forecasts roughly a 23% rise in overall commodity prices for 2026.

Energy prices are seen up 32%; Brent is expected to average $92 a barrel.

Food prices may rise just over 10% in 2026 and nearly 18% over two years.

Oil supply could fall 5.2% in 2026, the steepest drop in decades outside 2020.

The bank has extended $8.7 billion in support to 25 countries hurt by the Middle East conflict.

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