Reuters on Thursday with a snippet from Citi analysts, saying they see the possibility for a bounce in Brent crude to the low to mid US$80 range. Citit argue that upside risks in the market remain:from still-tight balances through August, heightened geopolitical risks across North Africa and the Middle East, the possibility of weather-related disruptions through hurricane season, and light managed money positioningEarlier:UBS is expecting Brent crude oil to recover into $85 - 90 range This article was written by Eamonn Sheridan at www.forexlive.com.
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