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UBS on the Russian coup and crude - "supportive of oil prices in the near term"

A UBS note from Sunday on the weekend's events on Russia (links below ICYMI).UBS says the coup attempt "appears over as soon as it began, there will be questions and suppositions about what all of this means for days and weeks to come".As for crude oil impact:"Given that Russia is a major oil producer and exporter, we expect this uncertainty to be supportive of oil prices in the near term” although the price effect will be seen in “the form of a risk-premium for future barrels as there are no in... Read More

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Posted: Jun 26 2023, 22:06

Author Name: forexlive

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