UBS raised its year-end Brent crude forecast from $100 to $110 per barrel, citing Middle East supply disruptions, falling inventories and record shipping costs.
2027 targets also raised
The bank increased its March 2027 target to $95 and its June 2027 target to $90. Its report said global visible oil inventories had fallen by more than 500 million barrels since February, while Middle East-to-China tanker freight costs had reached $30–40 per barrel.
The targets are UBS forecasts, not realized prices, and the flash supplies no probability or confidence level. Read the English BlockBeats flash (original Chinese: BlockBeats flash).