Wednesday 29 November 2023

Barclays hikes oil price forecast to $75 by 2020

LONDON, September 4, 2018

Barclays, a British multinational investment bank and financial services company, has revised its Brent price forecast for 2020 markedly upward from $55 to $75 per barrel, it said in its latest Oil Special Report.

Barclays remains bullish on prices by 2025, yet it has raised its target from $70 to $80 per barrel, around $15 higher than the curve.

Medium-term oil price modelling requires a certain amount of humility, Barclays said, adding that it tested how prices might react and forecast a range between $68 and $81 in 2020 and between $69 and $85 by 2025. – TradeArabia News Service

Tags: Brent | Barclays | oil price | 2020 |

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