- UBS raised year-end Brent forecast to $110 from $100.
UBS lifted its year-end Brent forecast to $110 from $100, citing Middle East supply disruptions, falling inventories, and record shipping costs. The bank also raised its March 2027 target to $95 and June 2027 target to $90. Global visible oil inventories have dropped over 500 million barrels since February, and tanker freight from the Middle East to China has surged to $30–$40 per barrel.
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