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Commodities Briefing - Categorized | Oil, Price Watch, Research more

Barclays cuts oil price forecast, top analyst leaves

Posted on 05 April 2013

Barclays steeply cut its oil price forecasts on Wednesday, becoming the last of the big banks active in commodities to abandon its bullish stance in the face of soaring U.S. oil output and sluggish global demand.
The cut from Barclays, which has for several years predicted an oil rally as demand outpaced supply, came as the bank’s long-serving head of commodities research, Paul Horsnell, left the company, two sources familiar with the development said………………………………………..Full Article: Source


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