Barclays expects the U.S. oil benchmark, WTI Crude, to average $52 per barrel in 2021, raising its outlook by $2 a barrel due to a weaker U.S. dollar and expected higher demand for winter fuels because of the cold snap in the northern hemisphere. The bank also lifted its view on the average Brent Crude price for this year by $2 per barrel, expecting it at $55, Reuters reported on Monday. The new forecasts are roughly the levels at which both benchmarks traded early on Monday, with WTI Crude at just above $52, and Brent Crude at $55.50. …
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