| Barclays analysts have slashed their oil-price forecast for 2016 as nothing seems to suggest prices will jump soon. With oil now trading at levels that seemed inconceivable not too long ago, Barclays' Kevin Norrish and Michael Cohen revised their prior expectations in a note to clients on Monday.
They lowered their forecast for the average price of Brent and West Texas Intermediate crude oil - the international and US benchmarks, respectively - to $37 per barrel this year, down from $60 and $56 previously...............................................Full Article: Source
|