Ubs oil price forecast 2020

Jan 14, 2016 · UBS slashed its oil-price forecast for 2016 on Thursday, joining the growing group of investment banks that have turned more negative on the commodity after the recent selloff. UBS: Expect $80 Brent Next Year | OilPrice.com The UBS forecast is like a breath of fresh air among the overwhelming number of analysts and investment banks whose forecasts tend to be as fickle as the recent oil price volatility and not based UBS cuts 2020 oil price forecast to $60/b over coronavirus ...

Oil Price Forecast 2020-2050 - The Balance

Commodities - Bloomberg Get updated commodity futures prices. Find information about commodity prices and trading, and find the latest commodity index comparison charts. Crude Oil (CL) Price Forecast, Inventory, News & Analysis ... Crude Oil (CL) Forecast, Page 1. Crude Oil. 28.790 Oil: April 3, 2020. See what to expect today and next week as we have some huge moves about to start up again. Crude Oil Price Forecast

Oct 25, 2019 · Based on the lower crude oil price forecast, EIA expects U.S. retail prices for regular grade gasoline to average $2.14 per gallon (gal) in 2020, down from $2.60/gal in 2019. EIA expects retail gasoline prices to fall to a monthly average of $1.97/gal in April before rising to an average of $2.13/gal from June through August.

UBS cuts 2020 oil price forecast to $60/b over coronavirus ... Swiss investment bank UBS trimmed its Brent oil price forecast for 2020 Friday but said it saw the market recovering from the third quarter as the impact on Chinese oil demand from the coronavirus Trade woes weighing on oil demand | UBS Global topics Our US oil supply forecast remains unchanged at 1.4mbpd this year and 1.2mbpd next, with the rest of non-OPEC supply growth coming from Norway and Brazil in 2020. As we lowered our 2019 and 2020 OPEC crude and NGL forecasts, we still see the oil market undersupplied by 0.3mbpd this year.

Weekly Ratings, Targets, Forecast Changes - 20-03-20 - FNArena

TRADING ECONOMICS provides forecasts for Commodity prices based on its analysts expectations and proprietary global macro models. The current forecasts were last revised on April 3 of 2020. Please consider that while TRADING ECONOMICS forecasts for Commodities are made using our best efforts, they are not investment recommendations.

Jan 6, 2020 Oil prices climbed above $70 a barrel for the first time in four months on Monday UBS expects the global oil market to be oversupplied this year attack is “a rather 1970s reaction” that is “perhaps not appropriate for 2020”.

UBS cuts 2020 oil price forecast to $60/b over coronavirus ... Swiss investment bank UBS trimmed its Brent oil price forecast for 2020 Friday but said it saw the market recovering from the third quarter as the impact on Chinese oil demand from the coronavirus outbreak ebbs.. Brent crude will likely average $56/b during the first quarter and $60/b over the full year, downward revisions of $6/b and $3.50/b, respectively, on previous forecasts, UBS said. Swiss UBS revises oil price forecast amid coronavirus