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

Odaily Planet Daily News UBS announced that it 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. It stated that if supply disruptions last for a longer period, oil prices could rise sharply in the short term, leading to significant demand destruction. The bank still believes that the risk for crude oil prices in the short term is tilted to the upside. (Jinshi)