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UBS Lowers Brent Oil Price Forecast to $80 per Barrel for Second Half of Year

AirdropBlackHole

2026-07-04 07:52:40

Abstract generation in progress

On July 2, UBS reduced its price forecast for Brent crude oil in the third and fourth quarters to $80 per barrel and lowered its average Brent crude oil price forecast for 2027 to $75 per barrel. The recent signing of a memorandum of understanding between the United States and Iran, along with an increase in oil flow through the Strait of Hormuz, prompted the bank to adjust its near-term oil price forecasts.

BZ0.21%

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