Barclays raises 2022 oil price view on likely supply deficit
Barclays on Tuesday raised its 2022 oil price forecasts reasoning that a continued recovery in demand could widen a 'persistent' supply shortfall. The bank raised its 2022 Brent crude price forecast by US$9 to US$77 per barrel driven in part by "reduced confidence" for a revival of the U.S.-Iran nuclear…
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