Barclays raises Brent forecasts on Russia oil sanctions – Reuters
Barclays raises Brent forecasts on Russia oil sanctions – Reuters
June 6 (Reuters) - Barclays on Monday raised its Brent crude price forecasts by $11 per barrel for 2022 and $23 for 2023, citing a larger and sustained disruption in Russian supply following sanctions by the European Union.
The British bank sees Brent prices averaging $111 this year and next, while it sees U.S. West Texas Intermediate (WTI) at $108 for the same period.
On Monday benchmark Brent crude futures were trading around $120 a barrel, while WTI futures stood at $119.
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