UBS’s new Brent price forecasts as Middle East supply risk supports oil prices
UBS raised its forecasts and now expects prices to stay near $110 a barrel at year-end, citing volatile Middle East supply, falling inventories and record freight rates. In a new note, strategist Giovanni Staunovo lifted the year-end Brent target to $110 from $100. The bank also raised its March 2027 forecast to $95 from $90, ...
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