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(RECAP) DAILY NOTION - FOLLOWME x TradingCentral - WTI Crude Oil Futures (Feb) Intraday Oil Prices Show Upward Momentum. - Jan 8, 2021 #WTICrudeOil##oilprice##BrentCrude##CoronavirusVaccine##TradingCentral#

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UBS projected that Brent oil would reach $60/bbl by mid-year of 2021 and $63/bbl in 2H and still expects oil demand to rebound sharply in 2Q, driven by vaccine uptake and more travel. The Bank also said Saudi Arabia’s pledge to cut oil production will reverse OPEC+’s output increase of 500k b/d for January and may help to accelerate the process of reducing oil inventories.

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