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UBS raised its December oil-price forecast by $5/bbl, now expects Brent to reach $100/bbl and WTI $96/bbl by year-end.

2026-10-07

UBS raised its December oil-price forecast by $5/bbl, now expects Brent to reach $100/bbl and WTI $96/bbl by year-end.

Other News
2026-10-07

Brazilian government data show September beef exports totaled 195,188 tons, down from 314,616 tons a year earlier.

Brazilian government data show September beef exports totaled 195,188 tons, down from 314,616 tons a year earlier.
2026-10-07

1. Says Military Action Against Iran "Must End" —US President Trump said in a speech at Cape Sparrow, Maryland on the 6th that the military action against Iran "must end." Trump added, "The only question is how to end it, in a gentle way or a tough

1. Says Military Action Against Iran "Must End" —US President Trump said in a speech at Cape Sparrow, Maryland on the 6th that the military action against Iran "must end." Trump added, "The only question is how to end it, in a gentle way or a tough way." 2. Plans to Suspend First Gasoline Tax in Decades —When asked on Tuesday whether he was considering suspending the 18.4-cent federal gasoline tax per gallon, Trump said, "We're thinking about it." He did not specify the possible duration of the suspension, nor did he announce a concrete implementation plan. 3. Announces $6.6 Billion Investment to Build Submarine Shipyard —US President Trump announced on the 6th, in a speech at Cape Sparrow, Maryland, that he would invest $6.6 billion to build a new shipyard there to produce submarines, submarine parts, and unmanned underwater vehicles. 4. Says He Will Soon Speak with Putin to Discuss Rumors of Russian Plague—Trump stated that he has arranged a call with Putin to discuss suspected cases of plague in Russia. Previously, the US issued a health alert regarding suspected cases of pneumonic plague in Russia. 5. Announces Deployment of New Military Drones, Quality “Far Superior” to Similar Products—Trump stated on the 6th that the US is preparing to deploy a series of new military drones whose quality will surpass all existing similar products in the world. 6. Criticizes Fox News: Favors Democrats, Neglects Republicans —Trump criticized Fox News on social media, saying the media outlet spends more time reporting on “jihadists and Democratic candidates” than on Republicans who “saved America and are making America great again.”
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