Multiple investment banks have raised their crude oil price forecasts for the year, indicating a delayed respite from high prices. Bank of America analyst Paul Ciana pointed out in a note that West Texas Intermediate (WTI) oil has been trending bullish of late, suggesting that prices might move higher. WTI oil rose to $130 per…
Investment Banks Raise Oil Price Forecasts, Bank of America Targets $140 Barrel
Barclays Faces $590 Million Hit, Scrutiny Over Sales Slip-Up
LONDON/NEW YORK—British bank Barclays faces an estimated 450 million pound ($592 million) loss and regulatory scrutiny for exceeding a U.S. limit on sales of structured products, some of which have surged in popularity since Russia’s invasion of Ukraine. Barclays also said on Monday that it will have to delay a planned 1 billion pound share…
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