UBS Cuts 2026 Brent Crude Forecast to $84/bbl, 2027 Target to $75/bbl

According to UBS, the bank lowered its 2026 Brent crude price forecast to $84 per barrel from a prior estimate of $93 per barrel, a downward revision of $9 per barrel. For 2027, UBS cut its oil price outlook from $85 per barrel to $75 per barrel.
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