UBS Says Oil Market Oversupplied But Not In Glut

Oct 21 (Reuters) - UBS:

• EXPECT OIL PRICES TO STABILIZE AROUND CURRENT LEVELS, THAT SAID, WHILE NOT BANK'S BASE CASE, PRICES COULD COME UNDER PRESSURE IF TRADE TENSIONS ESCALATE FURTHER

• WE BELIEVE THE OIL MARKET IS OVERSUPPLIED, BUT NOT TO THE EXTREME THAT IEA IS CURRENTLY FORECASTING