Brent Climbs as Bearish Factors Weaken. Forecast as of 22.07.2026

Previously, Brent bears could rely on factors such as Chinese imports, rising US production and exports, ample global inventories, and alternative supply routes that reduced dependence on Saudi Arabia. Today, however, the effectiveness of these stabilizing forces is increasingly in doubt. Let's examine the key drivers and develop a trading plan.Major Takeaways Global reserves have fallen to critical levels. The alternative route from Riyadh is blocked. Geopolitical factors continue to push