Oil prices have surged past $100 per barrel (roughly £75) this week, driven by sharp daily gains that have sent investors scrambling for clarity. Brent crude was trading at approximately $107 per barrel (£80.4) on 8 March 2026, marking a notable spike in global energy markets. Short-term forecasts by TradingView show aggressive bullish momentum, with projections suggesting oil futures could climb by more than 50% over the next five days and potentially reach over $206 (approximately £155) within a month.
The sudden surge has raised questions about whether crude could reach $200 per barrel, a level not seen in recent years. While analysts warn that these figures represent extreme short-term scenarios, the unprecedented volatility has sparked concern among traders and businesses reliant on oil and gas.
