Middle East Economic Survey
VOL. LIII
No 31
2-Aug-2010
Barclays Capital Sees WTI Averaging $92/B In 2011
The oil market is currently in a state of disequilibrium, Barclays Capital stated in the autumn issue of The Commodity Refiner, released on 16 July. While there has been a period of somewhat irrational nervousness, Barclays said there is a calming feature of the current price correction that seems to stand out compared to events in late 2008/early 2009: Even during events in the broader...
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