OILX News and Press, UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B From 08/02/23

2023-08-02 01:00:00 ET Summary WTI crude oil weekly options trading volume is surging. The higher level of volatility is an expression of the uncertainty in the distribution of outcomes for crude oil prices. As interest rates have risen – and with it the cost of capital...

2023-07-31 05:03:00 ET Summary For August, I am raising my July forecast for West Texas Intermediate oil by $5 per barrel to range between $70 and $90 per barrel. OPEC+ is meeting in early August. I anticipate Saudi Arabia will continue its voluntary cut into September and otherwi...

2023-07-27 10:11:00 ET Summary This month, we have actual EIA data for 2023Q1 which increases the annual rate of increase for the forecast period compared to last month by 600 kb/d. Considering the real oil price chart above for Brent Crude in May 2023 $/b, the green average stock...

2023-07-27 03:00:00 ET Summary Despite the recent lackluster performance of resource equities, it is important to note that historically, overall cumulative returns tend to rebound effectively during periods of high inflation. Recent underperformance of resource equities amid unch...

2023-07-26 19:25:00 ET Summary Why oil suddenly found its legs in the market. The impact improving macro sentiment is having on commodities. Potential risks to oil's rally. The price of oil has climbed to a three-month high amid signs of tighter supplies. Hussein A...

2023-07-24 21:57:00 ET Summary Soybean oil and other vegetable oils’ prices tend to lead crude oil prices. Vegetable oil's leading price movements in crude oil began to be noticeable in 2005. There is little secret that agricultural goods and energy markets are closely ...

2023-07-19 21:06:00 ET Summary OPEC crude output was revised higher in May 2023 by 34 kb/d compared to last month’s report and April 2023 OPEC crude output was revised higher by 1 kb/d. Preliminary data indicates that global liquids production in June increased by 0.6 mb/d ...

2023-07-18 20:54:58 ET Summary Crude oil prices remain low despite lack of significant investment expectations. Some maintain optimistic outlooks based on investment or its absence. Others argue that new technology has altered the necessary investment landscape. Inventorie...

2023-07-18 13:45:00 ET Summary While caution in some areas of the commodities space may be prudent, there are also reasons for optimism. Given the still-uncertain economic environment combined with the rise in equity valuations, we believe taking a more cautious stance is prudent ...

2023-07-17 20:29:00 ET Summary The UBS Constant Maturity Commodity Index (CMCI) underperformed the Bloomberg Commodity Index (BCOM) in Q2 2023 but continues to outperform year-to-date by over 3.5%. The declines in all commodity indexes during Q2 2023 was mostly due to the poor eco...