UBS analysts : " Prices need to rise above $100 " "Prices need to rise above $100 a barrel in the coming months to slow demand growth and restore the supply-demand balance, in our view, given that oil inventories stand at a multi-year low," said UBS analysts in a note.
https://www.reuters.com/business/energy/oil-prices-rise-supply-woes-2022-10-19/
In the United States, crude oil stockpiles fell about 1.3 million barrels, according to market sources citing American Petroleum Institute figures.