# UBS: Brent crude oil sell-off Wednesday 'out of whack' - UPI.com

> Brent crude fell roughly 6% on Wednesday, one of its largest single-day drops in years, after OPEC said supply fears should ease and Libya was on track to restore full output. UBS said the sell-off was out of step with low global spare capacity and declining Iranian output, and it kept its bullish outlook.

- Date: 2018-07-12 · published 2018-07-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10099-ubs-brent-crude-oil-sell-off-wednesday-out-of-whack-upi-com
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

UBS's view that spare capacity is thin suggests prices could rebound, but this is a market commentary rather than a new supply event. Feed buyers should treat the outlook as a view rather than a confirmed price trend.

## Read by commodity

- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2018-07-11 | 1 | -5.1% | -3.5 | Describes the same-day drop as driven by OPEC saying supply fears should ease and Libya restoring output, confirming the supply-relief mechanism. |

## Sources

- upi.com: https://www.upi.com/Energy-News/2018/07/12/UBS-Brent-crude-oil-sell-off-Wednesday-out-of-whack/8501531391778/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.