Oil slips but holds at near 4.5 month high

Oil slips but holds at near 4.5 month high

Oil slips but holds at near 4.5 month high Brent crude prices slipped back over the weekend but are still at near the four and a half month high. Data showing that US shale supplies may be declining and continued fighting in the Yemen are increasing expectation that demand may begin soaking up more of the supply glut. However a note from Barclays’ analysts says: We take a cautious view on further price appreciation over the near term.”