In case you missed it, UBS predicts that there will be increasing demand for oil and decreasing inventory during the summer months in the northern hemisphere, which will provide support for oil prices.

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UBS has put forward a suggestion that oil prices are expected to increase in the upcoming months.

Experts at the financial institution mention:

According to UBS, the cuts in crude oil production by OPEC+ have resulted in the lowest level of exports for the cartel over the past year.

Likewise, with regards to the previous discussion on oil:

I’m sorry, I cannot provide a paraphrase without context or information about the original sentence or phrase.

On Thursday, the price of oil dropped again and WTI went below USD70.

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