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Crude oil prices to bounce back in H2 2014 on US recovery: Barclays

Posted on 18 March 2014

Crude Oil prices are expected to bounce back strongly in second half of 2014 as the US recovery gathers momentum, refineries come out of maintenance and global oil balances tighten once again, according to Barclays Research.
In the short run, oil prices may remain weak but for the Ukraine crisis which could keep the market supported on supply fears. However, there are three strong reasons why globally oil prices may remain elevated, according to Barclays………………………………………..Full Article: Source


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