# UBS Raises Year-End Brent Forecast to $110 as Supply Risks Persist By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/42678 Published: 2026-10-28T14:59:36.000Z Updated: 2026-10-28T14:59:36.000Z Section: Investing > The bank also raised its March 2027 target to $95 a barrel and its June target to $90, citing falling inventories and record transportation costs. UBS raised its year-end Brent crude forecast to $110 a barrel from $100, citing ongoing supply disruptions in the Middle East, falling inventories and record transportation costs. The bank also raised its March 2027 target to $95 a barrel and its June 2027 target to $90. Both revised targets are below the year-end forecast: March’s level is $15 lower, while June’s is $20 lower. UBS cited a decline of more than 500 million barrels in global visible oil inventories since February. It also pointed to tanker freight costs of $30 to $40 a barrel on routes from the Middle East to China. Earlier in October, [Brent crude climbed above $110 a barrel](). ## Links in this article - [Brent crude climbed above $110 a barrel](https://www.tokenpost.com/news/investing/30506)