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UBS Expects Brent Crude Oil To Trade Around $65/bbl At mid-2026

ReutersDec 3, 2025 2:26 PM

- UBS:

  • EXPECTS CRUDE OIL PRICES TO START RECOVERING IN THE SECOND QUARTER OF 2026

  • SAYS BASE CASE IS FOR BRENT TO TRADE AT AROUND $65/BBL AT MID-2026 AND $67/BBL AT THE END OF 2026

  • FORECASTS WEST TEXAS INTERMEDIATE (WTI) AT A $3/BBL DISCOUNT TO BRENT

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