| Expectations for oil market balances in Q3 have become more constructive as 2012 has progressed. There has been no weakening trend in expectations caused by shale oil or European demand, as those effects have been more than offset elsewhere and have also been less of a surprise in forecasts than normally assumed, said Barclays Capital in a snippet.
The recovery in prices has continued, with the OPEC basket regaining $100 and Brent pushing on towards $105 on firmer data and more positive sentiment...............................................Full Article: Source
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