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OILX - Why We Think Oil Will Cross $100 A Barrel Next Year
UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B
Oil prices have fluctuated more in 2020 than in almost any other year. That significant fluctuation was caused by an OPEC+ price war along with COVID-19. The collapse in oil prices has pushed prices to <$20/barrel. Since then, prices have recovered significantly to the low $30s/barrel; however, they're still quite low.
Despite these lows, here we present the case for why we think oil prices will cross $100/barrel next year.
