UBS raises September Brent crude oil price forecast to $105 per barrel
2026-05-21 11:40
Odaily Planet Daily News: UBS announced raising 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. It stated that if supply disruptions last longer, oil prices could rise significantly in the short term, triggering notable demand destruction. UBS still believes that the risk for crude oil prices in the short term is skewed to the upside. (Jinshi)
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