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Barclays: Head-Spinning Volatility In Oil Will End Thursday, 21 February 2019
Two separate reports from major investment banks over the past week put forward this argument. Bank of America Merrill Lynch predicts that medium-term oil prices will be “anchored” around $60 per barrel, explored in an article a few days ago. Barclays added its voice, largely coming to a similar conclusion. The prediction of lower volatility may come as a surprise since the oil market is still reeling from the wild swings in 2018. As recently as the fourth quarter, Brent jumped to nearly $90 per barrel only to crash to around $50 per…

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