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UBS Lowers Oil Outlook Amid Recovery
UBS has downgraded its oil price forecast after Brent crude dropped to its lowest level since late February, influenced by the effects of the US-Iran agreement signing, increased tanker traffic, and Gulf supply flows. Despite expectations of market recovery and production resumption, Brent is still projected to reach $85 by the end of September and $80 by the end of June 2027.
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