UBS: Oil supply remains tight, but trade tensions bring downside risks to oil prices.

According to the Wisdom Financial News APP, oil prices rose on Monday, recovering from earlier declines caused by OPEC+ increasing production in August more than expected. Giovanni Staunovo, a strategist at UBS Group, said, "Currently, key indicators in the oil market continue to show tight supply in the spot market, and with seasonal growth in oil demand, the market can still absorb additional oil." The strategist also stated, "However, there are some escalating risk factors currently, such as ongoing trade tensions, which means that the market may not be as tight in the next 6 to 12 months, posing downside risks to prices."