# Crude oil prices are unlikely to fall to $70 per barrel in 2026, according to a report by Union Bank of India.

*business · news · 2026-04-06 · Firstpost*

## Key points

- Union Bank of India forecasts crude oil prices to stay in the $80–85 range through 2026.
- Kotak Securities warns Brent crude could spike to $130–140 if West Asia conflict continues.
- Supply disruptions from West Asia threaten 8–10% of global oil and 15–20% of gas output.
- UBI projects India's GDP growth could slow to 6.5% if oil stabilizes at $90 per barrel.
- A weaker rupee is intensifying India's economic stress by raising import costs and tightening liquidity.

**Countries:** India, United States

[Read the full story on Firstpost](https://www.firstpost.com/business/crude-oil-seen-steady-at-80-85-in-2026-west-asia-conflict-may-trigger-surge-to-130-warn-analysts-13997247.html)

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