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REUTERS: Barclays Capital said it expects oil prices to be on a rising trend from $100-130 a barrel over the next 12 months as the current risk-off trade subsides, even with potentially slower economic recovery in OECD countries.
"Although the sovereign crisis and associated risk-off trade have hit energy markets, we do not see sharply weaker energy fundamentals," Barclays said in a research note on Thursday.