UBS expects 'quite sharp gains' in oil in 2019

6:45 PM ET Wed, 26 Dec 2018

Dominic Schnider of UBS Wealth Management says he sees oil prices heading toward $70 to $80 per barrel. He also says the market seems to be "underestimating" the fact that the Organisation of the Petroleum Exporting Countries will be cutting supply by 1.2 million barrels.