UBS raises its September Brent crude oil price forecast to $105 per barrel

Odaily reported that UBS has raised its September Brent crude oil price forecast by $10 to $105 per barrel, and its West Texas Intermediate crude oil price forecast to $97 per barrel. The bank stated that if supply disruptions persist for an extended period, oil prices could surge sharply in the short term, triggering significant demand destruction. It still sees upside risks for crude oil prices in the near term. (Jinshi)