UBS raises its Brent forecast to USD 100/bbl to end-June, USD 95/bbl by end-September and USD 90/bbl end-December
UBS's upward revision of its Brent oil price forecasts suggests a tightening supply outlook or increased demand expectations, indicating potential inflationary pressures in energy costs.
[CALENDAR ADDITION] Newly elected Hungarian PM Magyar to hold a post-election press conference at 13:00BST/08:00EDT
German spokesperson says Germany is assuming a US blockade of Iranian ports, not of the Strait of Hormuz
UBS raises its Brent forecast to USD 100/bbl to end-June, USD 95/bbl by end-September and USD 90/bbl end-December
JP Morgan forecasts 1.9 MMT primary aluminium deficit in 2026, driven by a 2.4 MMT hit to Middle Eastern supply
ECB's Vujcic says energy prices are still very close to the ECB's baseline scenario
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- Raises end-2027 Brent forecast to USD 85/bbl.
This adjustment may lead to shifts in currency valuations, particularly for commodity-linked currencies, and could influence broader market sentiment towards energy-dependent sectors.
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