{"id":207447,"date":"2026-08-17T15:12:46","date_gmt":"2026-08-17T09:42:46","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=207447"},"modified":"2026-08-17T15:12:48","modified_gmt":"2026-08-17T09:42:48","slug":"crude-oil-price-julius-baer-60-forecast-august-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/crude-oil-price-julius-baer-60-forecast-august-2026\/","title":{"rendered":"Crude Oil Price Could Fall to $60 Says Julius Baer’s Mark Matthews on 17 August 2026: Falling Oil Would Ease India Rupee Pressure as Asian Markets Gain Attention"},"content":{"rendered":"
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Crude oil price outlook: Julius Baer’s Mark Matthews does not expect surge to $100-150. Sees crude falling to $60\/bbl, easing rupee pressure. Asian markets drawing more investor attention. Brent cu…<\/em><\/p>\n

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Julius Baer’s Mark Matthews does not expect the crude oil price to surge to $100-$150 per barrel and instead sees oil falling toward $60, which could ease India’s rupee pressure significantly. Matthews notes that as Asian markets draw more investor attention globally, falling oil would make the region’s energy-importing economies including India more attractive for capital allocation.<\/p>\n<\/div>\n

The crude oil price debate has taken a notably contrarian turn on 17 August 2026. While Brent crude is trading at $89.20 and the prevailing narrative around US-Iran tensions and Hormuz disruptions points toward higher energy prices, Mark Matthews from Julius Baer is taking the opposite view: he does not expect the crude oil price to surge to $100-$150 per barrel, and instead sees it falling toward $60. If he’s right, the implications for India’s rupee, current account deficit, and equity market are significantly positive.<\/p>\n

The core of Matthews’ crude oil price argument is that the geopolitical risk premium currently embedded in oil is overstated relative to actual supply disruption. The US-Iran conflict, while creating Hormuz shipping concerns, has not yet resulted in the kind of sustained production cut or export block that would justify $100+ crude. His expectation of a crude oil price around $60 per barrel would represent a roughly 33 percent decline from current levels, which would be one of the most significant macro tailwinds for India’s economy in recent memory.<\/p>\n

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