- Analytics
- News and Tools
- Market News
- Oil to rise as supply growth lags demand growth over the coming months – UBS
Oil to rise as supply growth lags demand growth over the coming months – UBS
The price of Brent crude suffered its largest one-day fall since March on Tuesday. But following the recent slide, economists at UBS expect the oil price to rebound as a shortfall in supply relative to demand reasserts itself.
Oil price slide looks likely to be reversed
“Many OPEC+ oil producers continue to struggle to reach their production targets, and the group’s spare capacity to deal with future supply interruptions is dwindling.”
“Disruption of oil from Russia could further restrict global supply.”
“China appears to be transitioning toward a less disruptive policy on COVID-19, reducing the likely drop in energy demand.”
“Crude prices should rise as supply growth lags demand growth over the coming months. We see the price of Brent crude rising to $130 a barrel by September and trading around $125 through to the middle of 2023. This underlines our positive view on energy equities.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
