Saturday, November 30, 2024
Barclays sees near-tem oil price correction if demand recovery slows- oil and gas 360

Barclays sees near-tem oil price correction if demand recovery slows

Reuters Barclays Commodities Research said on Thursday oil prices could see a correction in the near-term if a recovery in fuel demand slows further, especially in the United States. While a recent rally has been supported by faster-than-expected rebalancing of supply and demand as countries reopen their economies, producers cut production and the U.S. dollar weakens, “we are not there