| 08.07.2016 - UBS upgrades oil price forecast |
| Strong demand and supply interruptions have encouraged UBS to increase its oil price forecasts, with the bank now expecting Brent to average more than $50 per barrel in the second half of the year. The bank increased second-half forecasts for Brent crude and West Texas Intermediate to $51 and $48 a barrel respectively (from $46.50 and $43.50 previously), with a further increase to $60 and $57 a barrel in 2017 (from $55 and $52)...............................................Full Article: Source |