Bloomberg News

Barclays Suggests Betting Oil to Rise Amid ‘Supply-Side Risks’

February 07, 2012

Feb. 7 (Bloomberg) -- Barclays Capital said the price of Brent crude is likely to keep rising because of possible interruptions to supplies.

“With Brent oil achieving a whole year above $100 in spite of economic risk, we prefer to stay long oil in the face of a plethora of geopolitical and other supply-side risks,” the bank said in an e-mailed report today.

Brent was little changed at $115.99 a barrel as of 7 a.m. in London today, after gaining 8 percent this year.

To contact the reporter on this story: Justin Carrigan in London at jcarrigan@bloomberg.net

To contact the editor responsible for this story: Justin Carrigan at jcarrigan@bloomberg.net


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