Monday, 12 April 2021

Oil is in "wait and see mode" says UBS as prices Hover Around $60 per Barrel

Traders are waiting to see if there will be a recovery in consumption from the COVID-19 pandemic. Giovanni Staunovo covers Commodities for UBS, the Asset Management division of which recently came up with its second "Commodity Carry" ETF. An increase in US drilling activity may counteract gains.

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