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UBS expects ‘quite sharp gains’ in oil in 2019

UBS expects ‘quite sharp gains’ in oil in 2019

Dominic Schnider of UBS Wealth Man­age­ment says he sees oil prices head­ing toward $70 to $80 per bar­rel. He also says the mar­ket seems to be “under­es­ti­mat­ing” the fact that the Organ­i­sa­tion of the Petro­le­um Export­ing Coun­tries will be cut­ting sup­ply by 1.2 mil­lion bar­rels.
Source: CNBC RSS

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