UBS SAYS IF SUPPLY DISRUPTION LASTS LONGER, OIL PRICES COULD OVERSHOOT IN THE SHORT TERM IN ORDER TO TRIGGER SIGNIFICANT DEMAND DESTRUCTION

- UBS UBSG.S raised its September oil price forecasts by $10 a barrel on Thursday, projecting Brent crude at $105 a barrel and U.S. West Texas Intermediate (WTI) crude at $97.