Paul Horsnell, the head of commodities research at Barclays Plc, has left the company, according to a person with direct knowledge of the matter.
Standard Chartered Plc hired Paul Horsnell, formerly head of commodities research at Barclays Plc, as global head of commodities research.
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.
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.
Barclays Plc said it hired Sha Luo from CRU Strategies as a London-based cross-commodities analyst with an additional focus on commodity investing and quantitative analysis.
"Production will fall even without shut-ins as the decline rate is enormous on fields of shale after the first two months."
- Paul Horsnell on Oct 28, 2014