“While there are other likely areas of interest for the oil market in 2013, in our view the main nexus for the transmission into oil prices is likely to be the Middle East, with the spiralling situations in Syria and Iraq layered in on top of the core issue of Iran's external relations,” said Barclays in a report.The institution confirmed that it is maintaining its 2013 Brent forecast of $125 per barrel — the same level it has predicted over the past 21 months.
Oil In 2013: Boom Or Bust?
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