Arman Novic/Shutterstock Save for later Print Download Share LinkedIn Twitter The run-up in oil prices has been driven by both strong fundamentals (particularly demand) and a structural shift toward more bullish psychology, according to Energy Intelligence analysis. We have upped our Brent forecast to $85-$90 this summer, with potential for $100-plus spikes, but are aware that markets are still probing for the right prices to relieve current tightness.