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UBS raised its Brent crude price forecasts for 2026 and 2027, citing persistent Middle East supply disruptions and the fragile recovery of flows. The bank forecasts Brent at $100 per barrel in Q4 2026, up from a previous view of $80, and $91.57 as the 2026 average, compared to $83.74 previously.
UBS has raised its Brent crude price forecasts for 2026 and 2027, citing persistent Middle East supply disruptions that are more significant than initially expected following the breakdown of the June US-Iran Memorandum of Understanding. The bank noted that the recovery remains fragile due to ongoing attacks.