Oil rises for 6th straight week as global supplies tighten

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Go back to Oil rises for 6th straight week as global supplies tighten

UBS sees Brent crude at $90 by the end of 2023 - here's why

August 4, 2023 2:24 PM EDT

With Brent crude oil climbing above the $85 level this week, UBS analysts told investors in a note that they feel the rally "can go further."

The firm said in a note this week that "given the constructive forces" they see for crude in the coming months, they remain positive on oil and continue to expect prices to rise towards USD 90/bbl by the end of 2023. Here's why:

Prospects... More