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WTID - Oil Prices: The Bull Case The Bear Case And Wildcards That Could Throw Off Everything
UBS AG London Branch ZC SP ETRACS REDEEM 04/01/2047 USD 25 - Leveraged Inverse
At the start of October, $100 oil was the topic du jour, with Brent crude in the mid-$80s per barrel (bbl) and WTI sitting around $75/bbl. Sentiment quickly shifted as a confluence of factors combined to push WTI to a relative bottom of $42.53/bbl on Christmas Eve. So far this year, oil has recovered significant ground, hovering above $60/bbl currently and up 32.4% through March 29. For energy investors, oil volatility has been an unwelcome distraction and detractor from performance for a sector that has been in the penalty box in recent years. While companies