Brent Oil Prices Could Touch $57/b In 2017

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Mani
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Barclays analysts expect Brent oil prices to climb to $52/b in Q4 and $57/b next year, with the next three to four weeks offering ample opportunities to buy on a dip. Michael Cohen and his colleagues in the firm’s Commodities Research team said in their November 2 research piece titled “The Blue Drum – Helicopter Parenting” that they expect WTI backwardation by summer 2017. Also see Andrew Hall The God Of Oil Has Capitulated On Bullish … – OPEC’s helicopter parenting approach will impact Brent oil market Last September, OPEC struck a tentative deal in Algiers for a collective reduction in oil…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports