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Investment Event

Oil prices surge
10 March 2026
    Articles
    Download the full reportPDF, 1.54MB

    Key takeaways:

    • Oil prices have surged past the USD100 level
    • The outlook for oil prices is complex but there are some buffers that can help restrain prices
    • The surge in oil prices is a major downside risk to the global economy and financial market performance in 2026. The key variable is the persistence of the disruptions, and how sustained the oil price shock is. This remains very difficult to predict
    • An increasing weight on the replay of the 2022 scenario justifies some tactical derisking in portfolios. However, valuation gaps in emerging markets and developed market ex-US stocks, create some cushion against negative macro shocks

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