UBS Expects Brent Crude Oil To Trade At $67/bbl At The End Of 2026
ReutersNov 17, 2025 6:57 AM
Nov 17 (Reuters) - UBS:
SAYS IT EXPECTS BRENT CRUDE OIL PRICES TO STAY IN $60-70/ BBL TRADING RANGE, WITH A YEAR-END TARGET OF $62/BBL
SAYS IT EXPECTS BRENT TO TRADE AT $67/BBL AT THE END OF 2026
SAYS RISING OIL-ON-WATER LEVELS HAVE NOT YET LED TO AN INCREASE IN ON-LAND INVENTORIES, AND EXPECTS PRICES TO STAY SUPPORTED
SAYS UKRAINIAN ATTACK ON RUSSIAN REFINERIES ARE INCREASING AND, TOGETHER WITH SANCTIONS, WILL EVENTUALLY HURT RUSSIA’S EXPORTS AND PRODUCTION
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