{"id":357163,"date":"2020-06-13T11:28:24","date_gmt":"2020-06-13T05:58:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=357163"},"modified":"2020-06-13T12:03:31","modified_gmt":"2020-06-13T06:33:31","slug":"barclays-raises-forecasts-for-crude-oil-prices-but-flags-slow-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/barclays-raises-forecasts-for-crude-oil-prices-but-flags-slow-recovery\/","title":{"rendered":"Barclays raises forecasts for crude oil prices, but flags slow recovery"},"content":{"rendered":"<p>Barclays Commodities Research on Friday raised its oil price forecasts for this year by $4 per barrel, citing a bigger deficit in the second half of the year, though the British bank expressed caution on a slow recovery in the near term.<\/p>\n<p>&#8220;The rate of change in fundamentals is likely to moderate significantly as incremental demand improvement will depend more on consumer behavior than the easing of enforced movement restrictions,&#8221; Barclays said in a note.<\/p>\n<p>The private bank now sees Brent oil prices at $41 a barrel and West Texas Intermediate at $37, and expects Brent to average $37 a barrel during the third quarter, while US crude futures are seen averaging $34.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barclays Commodities Research on Friday raised its oil price forecasts for this year by $4 per barrel, citing a bigger deficit in the second half of the year, though the British bank expressed caution on a slow recovery in the near term. &#8220;The rate of change in fundamentals is likely to moderate significantly as incremental demand improvement will depend more on consumer behavior than the easing of enforced movement restrictions,&#8221; Barclays said in a note. The private bank now sees Brent oil prices at $41 a barrel and West Texas Intermediate at $37, and expects Brent to average $37 a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-357163","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=357163"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357163\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}