UBS raises December oil price forecasts by $5/bbl, sees Brent at $100 and WTI at $96
UBS raised its December oil price forecasts by $5/bbl and expects Brent at $100/bbl and WTI at $96/bbl by year-end, saying drawdowns in emergency inventories could leave the market more vulnerable. The bank says strategic reserve releases should help contain near-term spikes, but if geopolitical tensions stay elevated