Barclays Warns Traders against Chasing High Oil Prices ...Middle East

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Barclays Warns Traders against Chasing High Oil Prices
source : OILPRICE ( Middle East ) () 61
Traders shouldn’t bet too much on rallying oil prices despite President Trump’s shortened deadline for Russia to reach peace with Ukraine or face sanctions, Barclays says. “President Trump’s patience with Russia seems to be wearing thin, and oil markets have reacted somewhat to the prospect of a potential supply disruption,” the UK-based investment bank wrote in a note on Wednesday, as carried by Investing.com. However, the upside is likely to be limited due to several considerations, including President Trump’s…

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