05.01.2016 - UBS: Brent oil may touch $30, commodities may fall 10%
Brent oil may decline to near $30 abarrel before a reduction in US output helps rebalance global markets in the second half of the year, says UBS Group. Commodity prices may drop another 10% because of oversupplied markets, said Dominic Schnider, head of commodities and Asia-Pacific foreign exchange at UBS's wealth-management unit in Hong Kong. Oil's advance on Monday after Saudi Arabia cut ties with Iran could last a week or two, he said...............................................Full Article: Source
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