UBS raises Brent oil price forecast to 100 dollars
UBS raised its Brent oil forecast to 100 dollars for June 2026 citing Strait of Hormuz issues. Prices may top 150 dollars if shipping remains blocked.
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The outlook for global energy markets is shifting as UBS raises its price forecasts for Brent Crude Oil due to ongoing disruptions in the Strait of Hormuz. The financial institution now anticipates the benchmark will reach $100 per barrel by the end of June 2026, followed by $95 by the end of September and $90 by the end of December. By March 2027, the bank expects prices to settle around $85 per barrel.
"The path of least resistance for crude oil prices continues to remain upward as long as flows through the Strait of Hormuz stay restricted, UBS said in a note on Monday as it raised its Brent crude prices forecasts."
