UBS has raised its Brent forecast for the second time this month and now expects crude to trade at $110 a barrel at the end of 2026, up from 100. The Swiss bank also lifted its 2027 curve by $5 a barrel at each point, to $95 for March, $90 for June and $85 for September. “Uncertainty around our forecasts remains elevated, reflecting the unpredictable nature of the Middle East conflict, and the pace of recovery in Gulf production and global oil demand, ” UBS said in a note.
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