UBS lifts its year-end 2026 Brent crude forecast to $110, citing supply concerns and regional instability, while simultaneously raising its 2027 price curve by $5 per barrel.
UBS has revised its Brent crude price forecasts upward, projecting a year-end price of $110 per barrel by 2026, an increase from their previous $100 estimate. This bullish adjustment is driven by persistent supply uncertainties in the Middle East and concerns regarding the speed of production recovery in the Gulf region.
UBS expects Brent crude to trade at $110 per barrel by the end of 2026.
The bank raised its 2027 curve by $5 per barrel at each point, resulting in forecasts of $95 for March, $90 for June, and $85 for September.
UBS is mentioned as the source of the oil price forecast, not as a company with changed fundamentals.
UBS has increased its Brent crude oil price forecast to $110 per barrel for the end of 2026, citing persistent supply constraints in the Gulf. The bank also adjusted its 2027 price curve upward by $5 per barrel, reflecting ongoing market volatility and uncertainty surrounding Middle East geopolitical tensions.
UBS cited Gulf production levels remaining below prewar averages and the unpredictable nature of the Middle East conflict as key drivers for the upward revision.