Ubs Group: Setting aside geopolitical issues, the fundamental outlook for oil remains bearish.
UBS Group believes that only if OPEC+ continues the production cut, the oil market can remain balanced in 2025.
WTI Rebounds to Near $70 on PBoC's Larger-than-expected Rate Cut
Bearish Control Over Oil
US stocks rose for the sixth consecutive week, crude oil plummeted, gold and silver shone | Overseas major asset weekly report
Spot gold hit record highs twice this week, with a total weekly increase of about 2.4%, while silver rose about 7% to nearly a twelve-year high for the week. With the USA pushing for a ceasefire in Gaza, the crude oil market showed a weak performance this week. The dollar fell from an 11-week high.
Crude Futures On Track For Weekly Losses -- Market Talk
Crude Oil Prices Steady, but on Track to Post Biggest Weekly Loss in More Than a Month