Post Tagged with: "cuts Brent price view"

FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford/File Photo

Barclays sees crude surplus in near-term, cuts Brent price view

Nasdaq


Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to “resilient” Russian supplies.

 

The British bank now sees …