International report expects oil to rise to $ 85 in 2019

by **claud39** Sat Dec 15, 2018 7:17 am

http://economy-news.net/content.php?id=14748

International report expects oil to rise to $ 85 in 2019

12/15/2018

Economy News Baghdad

UBS expects oil prices to rise to $ 85 over the next six to twelve months, boosting expectations for the Middle East.

And sees the main investment office ( the CIO ) who enters themanagement of global wealth has « the UBS » that the recent sales ofcrude oil at inflated prices, stressing that investors should continue global diversification to avoid political risks are not organized in Europe, the Middle East and Africa emerging and the euro zone and the United Kingdom , Which is due to graduate from the European Union next year.

Investors will have to face additional volatility in order to get more opportunities in 2019. Global economic growth will slow to 3.6 percent from 3.8 in 2018, and corporate profits will grow at a slower rate.

UBS said in a report that a recession in 2019 is still unlikely, noting that the prices of many financial assets have already moved to reflect uncertain expectations.

CIO believes that investors should diversify and hedge their portfolios to protect them against volatility, political and other risks, and should take advantage of growth in areas such as sustainable investment and investment, and packages of value where asset prices are significantly low.

" Investors should keep their positions in global equities, with market volatility planned, slowing economic growth and profit growth does not mean there is no growth," said Mark Heveli , chief investment officer at Global Wealth Management at UBS. "Recent sales have left a number of assets Have been evaluated more favorably, but investors should also consider the tense geopolitical environment and tight monetary policy. "