Oil price forecast today analysis indicates North Sea maintenance schedules will temporarily reduce supply, offering technical support to Brent prices this week. We can additionally observe that MPC currently boasts a PEG ratio of 3.44. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Oil and Gas - Refining and Marketing industry was having an average PEG ratio of 1.52. Monthly vegetable oils price index worldwide 2000-2025 In the oil price forecast today, Brent’s short-term moving averages crossed bullishly, reinforcing breakout potential toward $86.20, assuming no sharp shift in global risk appetite.