Barclays raises forecasts for oil prices, but flags slow recovery
12.06.2020, 08:03

Barclays raises forecasts for oil prices, but flags slow recovery

Reuters reports that Barclays Commodities Research on Friday raised its oil price forecasts for this year by $4 per barrel, citing a bigger deficit in the second half of the year, though the British bank expressed caution on a slow recovery in the near term.

"The rate of change in fundamentals is likely to moderate significantly as incremental demand improvement will depend more on consumer behavior than the easing of enforced movement restrictions," Barclays said in a note.

The private bank now sees Brent oil prices at $41 a barrel and West Texas Intermediate at $37, and expects Brent to average $37 a barrel during the third quarter, while U.S. crude futures are seen averaging $34.

However, oil prices are set for sharp falls this week, with Brent slumping about 11% so far and WTI diving more than 10%. Prices are set for their first weekly decline in seven.

The British lender joins other investments banks, including Goldman Sachs in citing the recovery in oil has been too much and too fast and a pull-back in oil prices was imminent.

"The pace of recovery in prices is likely to slow down, in our view, as the steepest decline in supply and the fastest improvement in demand is likely behind us," Barclays said.

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik