| Given the recent ramp up in oil prices, Barclays Capital have explored the impact on oil demand – and in turn economic growth. They have constructed a set of scenarios (at prices of $100, $125 and $150 per barrel) around their base-case oil price forecast for this year ($115 per barrel), and quantified the implications for oil demand – Commodities Now.
Under the base case (factoring in tightening fundamentals and limited spare capacity, with very little geopolitical tension) US oil demand falls by 1.3% and European oil demand by 2.1%...............................................Full Article: Source
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