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As oil prices continue bumpy ride, UBS turns more constructive amid demand hopes

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Crude oil prices had a rocky ride this year as concerns about oversupply and timid demand remained front and center, with boosts from geopolitical tensions proving fleeting, but UBS believes next year could be more constructive for ‘black gold.’ “Crude oil should benefit from OPEC +’s ongoing supply management, rising speculative positioning, and low oil ...

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