Base metals prices may resume their advance in 2011, with copper the preferred pick, after a period of “consolidation” expected over the second half of this year, according Barclays Capital.
Crude oil volatility is falling to the lowest level in almost three years as brimming stockpiles and rising OPEC investment in production capacity eases concern of shortages.
Amrita Sen, a commodities analyst at Barclays Plc, left the bank this week, two people with knowledge of the matter said.
Oil advanced a seventh day, the longest winning streak since January 2010, on signs of economic recovery from the U.S. to Germany and concern escalating tension with Iran threatens crude supplies.
Barclays Plc cut its 2012 forecast for West Texas Intermediate oil by 8.6 percent and reduced the Brent estimate by 5.8 percent because of price declines in the second quarter.
Oil at $100 a barrel isn’t a sufficient trigger for the U.S. and other crude-consuming nations to tap emergency reserves.
"We're all fascinated to see what the real economics of tight oil are as prices go down."
- Paul Horsnell on Dec 22, 2014