Middle East Economic Survey


No 27


Barclays Sees Benchmark Oil Prices Heading Into $75-95/B Range

Oil markets are pricing out the likelihood of large economic discontinuities and pricing in a gradual return to a state of equilibrium, according to Barclays Capital. In the latest quarterly Commodity Refiner report, published on 1 July, Barclays Head of Commodities Research Paul Horsnell observes: While there is little consensus on what level should constitute the upper bound of a...