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ICYMI: UBS expecting rising demand, falling inventory to support oil over northern summer

ICYMI: UBS expecting rising demand, falling inventory to support oil over northern summer
A note from UBS argues of higher oil prices in the coming months.Analysts at the bank cite:the seasonal rise in demand aheadand more visibility for larger falls in oil inventory UBS point to OPEC+ crude oil output cuts cutting the cartel's exports to the lowest in a year.Similarly on oil from earlier:Why higher central bank rates are bullish oil--Oil slumped in price again on Thursday, with WTI back under USD70. This article was written by Eamonn Sheridan at www.forexlive.com... Read More
Posted: Jun 23 2023, 03:35
Author Name: forexlive
Views: 102433

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