Barclays expects rising trend in oil prices, in $100-130 range

Friday, 12 August 2011 00:01 - - {{hitsCtrl.values.hits}}

REUTERS: Barclays Capital said it expects oil prices to be on a rising trend from $100-130 a barrel over the next 12 months as the current risk-off trade subsides, even with potentially slower economic recovery in OECD countries.

"Although the sovereign crisis and associated risk-off trade have hit energy markets, we do not see sharply weaker energy fundamentals," Barclays said in a research note on Thursday.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.