UBS lifts oil-price forecast to $95 by year-end
UBS raised its Brent crude forecast to $95 a barrel by year-end from $85, citing tight supply conditions and declining inventories, alongside lower global exports and falling oil inventories.
UBS raised its oil-price forecast as the market continues to face tight supply and declining inventories. Brent crude is now expected to reach $95 a barrel by year-end, up from the previous forecast of $85 a barrel. The bank said prices are being supported by lower global exports, falling oil inventories and geopoliti…