UBS Revises Downward Oil Price Forecasts for 2026 and 2027

AI-generated NewsSnap summary based on source reporting.
Published: 2026-07-02
Category: business
Source: Morningstar
Original source

UBS has lowered its projections for Brent crude oil prices in 2026 and 2027, citing a decrease in geopolitical risks. The bank also noted a swift resumption of shipments through the Strait of Hormuz as a factor. These revised forecasts now place Brent crude at an average of $84 per barrel for 2026 and $75 per barrel for 2027.

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