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Brent Crude Oil to reach $110 this year, WTI to hit $107 – UBS

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Brent Crude Oil to reach $110 this year, WTI to hit $107 – UBS Oil Brent WTI Banks RussianFederation

Oil price recovery to gain traction as Russia cuts output

“We believe two-thirds of growth in oil demand this year will come from emerging Asia, led by China’s reopening – which we think will lift global oil demand to above 103 mbpd in the second half of the year.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

 

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