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OIL: Barclays Reiterates $85/bbl Fair Value for Brent

OIL

Barclays reiterates $85/bbl fair value estimate for Brent next year despite 0.9 mb/d surplus in its balances.

  • Barclays says oil prices have reacted to recent surge in geopolitical tensions but remain significantly depressed relative to its fair value estimates
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Barclays reiterates $85/bbl fair value estimate for Brent next year despite 0.9 mb/d surplus in its balances.

  • Barclays says oil prices have reacted to recent surge in geopolitical tensions but remain significantly depressed relative to its fair value estimates