Barclays Sees Gradual Oil Price Rally

The forecasts for $100 oil are still being bandied about. But there is a new sober in the market after oil prices came crashing down earlier this week with a 7% slide. Barclays, for one, is predicting more moderate oil price growth, eying a slow rise over the next few months, according to Reuters. But it’s not ruling out $100 oil. Oil inventories remain tight. In the United States, crude oil inventories are sitting at 439.7 million barrels as of the week ending July 16—that’s 7% below the five-year average for this time of year.…