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Barclays raises 2020 oil price forecast by $4, WTI seen at $37

FX Street
Updated:

The Barclays Research Team up their oil-price forecast for 2020 but remain cautious in the near-term.

Key quotes

“Raises forecasts for 2020 by $4 per barrel.

Brent now seen at $41 / barrel while WTI at $37.

Express caution in the near term.

Improvement in demand ahead depends on the behavior of consumer.

Renewed coronavirus concerns will keep driving demand subdued. “

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