UBS Expects Crude Oil To Average $84 A Barrel As It Cuts 2026-27 Forecasts

Leadership News Jul 3, 2026 · 16:30 WAT

UBS has lowered its Brent crude oil price forecast for 2026 and 2027 to average eighty-four dollars per barrel. The downward revision is driven by a faster-than-expected recovery in oil flows through the Strait of Hormuz following a United States and Iran memorandum of understanding.

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