Subscribe To

Price Alert Latest News Economic Calendar News

UBS on Brent oil - strong fundamentals to support a $90–100/bbl range in coming months

A UBS analyst note on the oil price says their base case is that the price will not rise above $100 a barrel on a sustained basis over the next year. Such a rise would draw a step higher in US production as well as weighing on demand. UBS on supply factors:Saudi Arabia and Russia extending their extra supply cuts until the end of the yearUS oil output growth likely to slow as a result of lower drilling activity in recent months Global visible oil inventories fell sharply in August, at their low... Read More

Demo Live Account See Partner Details

Content Topics

Brent

Strong

Fundamentals

Support

90

100 Bbl

Range

Coming

90 100 bbl

Months

Forex

Posted: Sep 19 2023, 22:33

Author Name: forexlive

Risk Disclosure:

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
We would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. We and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of us and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.