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Barclays Sees Risks To Oil Prices Skewed Higher Near Term

By Reuters News

Nov 13 (Reuters) - BARCLAYS:

  • SAYS IT SEES RISKS TO OIL PRICES SKEWED HIGHER NEAR TERM, AS A DIPLOMATIC BREAKTHROUGH IN US-IRAN TENSIONS REMAINS OUT OF REACH AND THE MARKET IS NOT POSITIONED FOR A CONTINUATION OF THE STATUS QUO

  • SAYS THEY MAINTAIN THEIR VIEW THAT MARKET PARTICIPANTS SEEM A BIT TOO SANGUINE ABOUT THE BALANCE OF RISKS FOR OIL PRICES IN THE NEAR TERM

  • SAYS DIPLOMACY IS ONGOING BUT AN IMMINENT DEAL SEEMS UNLIKELY

  • SAYS IN ADDITION, MIDDLE EAST OIL FLOWS HAVE BEEN VOLATILE, DEMAND CONTINUES TO RECOVER AND POSITIONING REMAINS SUBDUED

  • MAINTAINS OIL PRICE FORECASTS



    RELATED:

    OIL PRICES EDGED DOWN ON FRIDAY AND WERE HEADED FOR A SECOND WEEKLY DECLINE AS THE US FOCUS ON ITS BLOCKADE OF IRAN AND OTHER ECONOMIC PRESSURE EASED FEARS OF RENEWED DIRECT CONFLICT, THOUGH SHIPPING ATTACKS REMAINED A SUPPLY RISK O/R

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