Julius Baer expects range-bound oil prices around US$45 per barrel

18 July 2016 | 2 minutes read

The global oil glut persists and will continue to act as headwinds, according to Julius Baer which expects the commodity to continue range-bound trading. And, as a result, the Swiss pure play has updated its view on the asset class from cautious to neutral. “Oil’s most likely path going forward is range-bound around current levels,” according to Norbert Rücker, head…

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