XLE & Oil

UBS raises Brent forecast to $110 as Middle East supply risks persist

Oil & Gas 360·Oct 28, 2026 · 4:30 PM CT
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Readthrough summary

UBS raised its year-end Brent forecast to $110 a barrel from $100, citing ongoing Middle East supply disruptions, higher transport costs and uncertainty over how fast global inventories recover. The bank's outlook suggests prices could stay elevated even as production and exports slowly improve.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Oil & Gas 360.

Read the original at Oil & Gas 360

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