[UOB Predicts Brent Crude Oil to Remain at $100/Barrel in the Short Term] A report by analysts at Singapore's United Overseas Bank (UOB) states that Brent crude oil prices are expected to remain around $100 per barrel in the short term before gradually declining. The uncertainty surrounding the Middle East conflict remains high, the Strait of Hormuz is still blocked, and energy infrastructure has been damaged. UOB forecasts Brent crude oil prices at $110 per barrel in the second quarter, $100 per barrel in the third quarter, and $90 per barrel in both the fourth quarter and the first quarter of 2027.