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UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B
By Stecyk
For the next month, I have increased my West Texas Intermediate oil price forecast by $2.50 to range between $55 and $65 a barrel.
With phase one of the US-China trade deal now out of the way and OPEC+ announcing a cutback to production, oil prices rose slightly more than I expected, though still within the range I had set out last month. Throughout December, both the stock market and oil prices climbed higher. The question now is, have equity and oil prices advanced too far, too fast. While I tend to think