UBS expects OPEC+ to extend current output cuts for at least another three months
The call from UBS is pretty much one that everyone is expecting. But the key thing to watch out for will be any dissent or signs that they may taper those cuts subsequently. As for the oil market outlook, UBS notes that "oil remains a valid geopolitical hedge, in our view, and we see Brent crude trading at around $87 per barrel by the end of the year". This article was written by Justin Low at www.forexlive.com.
The call from UBS is pretty much one that everyone is expecting. But the key thing to watch out for will be any dissent or signs that they may taper those cuts subsequently. As for the oil market outlook, UBS notes that "oil remains a valid geopolitical hedge, in our view, and we see Brent crude trading at around $87 per barrel by the end of the year".
