Don't join downside bets on oil prices as OPEC+ unlikely to flood market: UBS
Oil prices have been reeling from fears of oversupply after OPEC+ decided to extend output cuts, but gradually increase supply, but UBS is pushing back against oversupply fears and believes now isn't the time to be joining in on downside bets on oil as OPEC+ isn't likely to flood the market and demand is set to rise over the summer months.