Barclays Raises U.S. Oil Forecast 15% on Fundamentals

(Bloomberg) — Barclays Plc raised its third-quarter forecast for West Texas Intermediate crude oil by 14.5 percent from an estimate in June, citing expectations for fundamentals in commodity markets to return to

Oil remains 52 percent below its July record of $147.27 a barrel even after prices gained 41 percent between April and June, the biggest quarterly climb since 1990.