UBS Sees $125 Oil In The ’Coming Months

Swiss UBS strategists predict that oil will rebound to $125 in the coming months as fundamentals point to higher prices, spare capacity is ebbing and inventories are at multi-year lows. In a Thursday research note, UBS responded to Saudi comments to the effect that OPEC+ could cut production at any time, citing a “disconnect” between fundamentals and oil futures prices.  The bank also noted coming disruption to oil markets when a European ban on Russian seaborne oil imports goes into effect in December.  "The European Union…