$XAU UBS expects slow recovery
for oil supplies prices
UBS lowered its forecasts for oil prices after Brent crude fell by about $15 per barrel over 10 days following the signing of a ceasefire agreement between the United States and Iran, but the bank still expects prices to recover in the coming months, believing that the process of restoring production in the Gulf states will proceed at a slower pace than markets expect.
Brent crude dropped below $73.00 per barrel—levels not seen since late February, ahead of the outbreak of the conflict in the Middle East.#TradebStocks #EtherFalls5.6%To$1555 #USStocksFirstOutflowSinceMarch #USEquityFundsSee$8.5BOutflow #MicronRevenueJumps346%To$41.5B
for oil supplies prices
UBS lowered its forecasts for oil prices after Brent crude fell by about $15 per barrel over 10 days following the signing of a ceasefire agreement between the United States and Iran, but the bank still expects prices to recover in the coming months, believing that the process of restoring production in the Gulf states will proceed at a slower pace than markets expect.
Brent crude dropped below $73.00 per barrel—levels not seen since late February, ahead of the outbreak of the conflict in the Middle East.#TradebStocks #EtherFalls5.6%To$1555 #USStocksFirstOutflowSinceMarch #USEquityFundsSee$8.5BOutflow #MicronRevenueJumps346%To$41.5B
