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Commodities Briefing - Categorized | Market Moves, Oil more

Oil’s likely to fall in fourth quarter, but stay ‘elevated’ in 2014: Barclays

Posted on 05 September 2013

Analysts at Barclays summed up the outlook for the energy market in a 145-page report issued Wednesday, forecasting that prices for oil will fall in the fourth quarter on the back of soft demand but stay high in 2014, in part because of instability in the Middle East.
“Oil demand is still soft and if supply does not recover as we expect, from an unusually high number of current outages, we believe a modest decline in oil prices from recent levels is the most likely outcome for Q4,” said Barclays analysts Miswin Mahesh and Kevin Norrish………………………………………..Full Article: Source


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