New Delhi, Oct. 29 -- Kotak Institutional Equities has raised its crude oil price assumption for FY2027 to USD 100 per barrel from USD 90 per barrel, citing prolonged supply disruptions caused by the West Asia conflict, which has continued for eight months with limited visibility on when normalcy may return.

The brokerage, however, retained its crude oil price assumption at USD 75 per barrel for FY2028 and the long term, expecting prices to ease in the second half of FY2027 if hostilities do not intensify further and supply flows continue to normalise.

In its latest report, Kotak said the conflict had resulted in one of the largest oil supply disruptions in recent history. Despite the scale and duration of the disruption, global oil mar...