UBS slashes crude oil forecast to $40 a barrel

UBS slashed its oil-price forecast for 2016 on Thursday, joining the growing group of investment banks that have turned more negative on the commodity after the recent selloff. ...

Oil price to stay below $40 in H1 2015: UBS

Global oil price is yet to see the bottom and could fall below $40 per barrel and stay at that level in the first six months of 2015, according to a Swiss bank analyst. ...