Expect Oil to Hit $55 Over the Next Year, Says Haefele
Japan’s yen strengthened and gold advanced as investors adopted a cautious approach before Vienna meetings of OPEC and the European Central Bank. Crude oil hovered around $49 a barrel and the euro rose to a one-week high. Crude held near a one-week low before the Organization of Petroleum Exporting Countries meet to discuss production policy amid rising U.S. inventories. European equities fluctuated ahead of an ECB policy review. UBS Wealth Management Global Chief Investment Officer Mark Haefele discusses with "On the Move" host Caroline Hyde.