ReportedShipping, energy & marketsGlobal oil market
UBS raises its year-end Brent forecast to $110 a barrel
- Mountain Time
- Local time
- 5:30 PM UTC
- Where
- Global oil market
UBS raised its year-end 2026 Brent crude forecast to $110 a barrel from $100, citing Gulf crude and condensate loadings that remain below prewar levels, high tanker costs and falling inventories.
Why it matters
The higher forecast signals that traders and refiners may face sustained crude-price and freight-cost pressure even as Gulf loadings recover from earlier disruption.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels