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

Odaily Planet Daily: UBS has announced an upward revision of 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 rise sharply in the short term, triggering significant demand destruction. It still believes that the risk for crude oil prices is skewed to the upside in the near term. (Jin Shi)