Global crude oil prices are expected to soften significantly in 2026, with Brent crude likely to decline to around USD 50 per barrel by June 2026, according to a report by State Bank of India.The report highlighted that the overall outlook for crude oil prices in 2026 is weakening further from current levels amid rising inventories and softer global trends.It stated "Crude oil prices to soften significantly in 2026 (to touch USD 50 /bbl by June 2026".The report noted that the U.S. Energy Information Admini ...