| The sharp rally in oil prices may be have come “too far, too fast,” analysts at Barclays have warned. Oil prices have surged by around 40 per cent in just a few weeks, as investors have taken a more bullish stance on the global economy and the supply dynamic for the market after a torrid start of the year.
“While there are grounds to believe markets may have bottomed, to us the scale of recent price gains looks overdone,”analysts at Barclays said. The analysts noted that some of the automatic balancing that would have come from very low oil prices may dissipate as US and Brent crude oil prices hover around the $40 a barrel mark...............................................Full Article: Source
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