In case you missed it, UBS predicts that there will be an increase in demand and a decrease in inventory that will strengthen the oil industry during the summer in the northern hemisphere.

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According to a communication from UBS, there will be elevated oil prices in the upcoming months.

Bank analysts mention/refer to/point out:

According to UBS, the reductions in crude oil production by OPEC+ have caused the cartel’s export levels to drop to their lowest point in a year.

Likewise, with regards to the oil mentioned earlier:

I cannot perform this task without a context or sentence to paraphrase. Please provide more information.

On Thursday, the price of oil dropped once again, causing WTI to fall below $70.

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