Investment bank UBS became one of the first oil market watchers to scale back its forecasts for the oil demand destruction from the COVID-19 pandemicTuesday amid growing signs that global activity has turned a corner as lockdowns start to ease. hening demand recovery as travel restrictions ease. Global crude prices rose on Tuesday as more countries start to ease economic and social lockdowns while traffic levels, a key proxy for oil demand, continues to recover. On the supply side, almost 10 million b/d is set to exit the market as the […]