Barclays Slashes Oil Price Forecast To $103 Per Barrel ...Middle East

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Barclays Slashes Oil Price Forecast To $103 Per Barrel
source : OILPRICE ( Middle East ) () 27
Resilient Russian oil supply and an expected surplus on the market prompted Barclays to slash its Brent oil price forecast to $103 per barrel for this year and next, down from $111 a barrel previously expected. The bank also cut its outlook on near-term WTI Crude prices by $8 a barrel, expecting the U.S. benchmark to average $99 per barrel in both 2022 and 2023.  Early on Tuesday, WTI Crude prices were trading at below $90, at $89 per barrel, and Brent was at $94 a barrel after a slump on Monday following dismal economic data out of China,…

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