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既然你们都唱衰,给你们个唱好的. }. U, y! D% M; {% K
markets remain oversupplied and prices are hovering in the range of $40-$50 per barrel. Many traders and industry experts, however, feel that the worst is yet to come and prices could fall further. In fact, Goldman Sachs is predicting that the persisting supply glut in global oil market is set to get even worse and oil prices could fall to as low as $20 per barrel in the coming months.4 ?# W" X, k% B9 f- X- \
/ E- y4 W9 ^$ x/ d2 {; V; mAmid all the speculation and market forecasts, there are still some voices in the industry that remain bullish on oil in 2016. One of them is Barclays, which came up with a bullish report that predicts the oil price to increase to $60 a barrel by 2016.
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0 i* c s0 d0 @' G# }Barclays is bullish on oil
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Barclays is one of the very few financial institutions that is actually predicting oil prices to increase in 2016 despite the recent slump and worsening supply glut. As per Barclay’s corporate banking team, oil prices would increase mostly because of doubling of global oil demand from 2.1 million barrels a day to almost 4 million barrels a day.- c5 j3 u1 u' T" D0 K" u, R' |* j
- j% V7 L' q" E7 r"There is no doubt that the UK North Sea oil and gas industry is under pressure right now but we do feel that signs of relief are there, and the forecast for $60 oil in 2016 with oil demand growth above trend again is encouraging," said the head of Barclay’s Corporate banking team. This prediction made by Barclays in is sharp contrast to the recent Oil Market Report by IEA, which predicts the global oil demand to slow down from the current 2.1 million barrels per day to just 1.2 million barrels a day by 2016. |
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