UBS RAISES BRENT OIL FORECAST TO $110 AS MIDDLE EAST RISKS PERSIST UBS raised its year-end Brent crude forecast to $110 per barrel from $100, citing Middle East supply disruptions, declining inventories, and record shipping costs. The bank also lifted its March 2027 target to $95 and June 2027 target to $90. Global visible oil inventories have fallen by more than 500 million barrels since February, while tanker freight costs from the Middle East to China have surged to $30–$40 per barrel.(彭博社)