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 email@example.com
To contact the editor responsible for this story: Justin Carrigan at firstname.lastname@example.org