UPDATE: Deutsche Bank Downgrades Oasis Petroleum to Hold

Deutsche Bank lowers its rating on Oasis Petroleum

to Hold from Buy on oil price and supply risks. Price target remains unchanged at $37. Deutsche Bank notes, "The DB Oil and Gas team's thematic piece published today, "The Future of US Oil", highlights risks to crude oil prices, both in the near term (global demand destruction) and long-term (structural US oversupply of light-sweet crude). With the current crude oil price ($122/bbl Brent) firmly in the realm of potential demand destruction, we are reducing our exposure." OAS closed at $33.76 a share yesterday.