UBS Wealth Management: Oil Price Shock May Be Only a Short-Term Phenomenon
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Golden Ten Data reported on March 11 that Norbert Rücker, Head of Economics and Next Generation Research at UBS Wealth Management, stated in a research report that the oil price shock may still be temporary. The oil market has calmed down from Monday's unusually intense price fluctuations, and the main market dynamics have not changed. The scale of production shutdowns is expanding, while policymakers are seeking measures to address the energy price shock. However, he still believes that this oil price shock may only be a short-term phenomenon.
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