Barclays lowered its crude price forecasts on Friday, citing reduced expectations for growth in the global economy and oil demand following Britain’s recent vote to leave the European Union. While market participants saw limited impact on oil markets from the ‘Brexit’ vote, Barclays said it would be bearish for crude in the second half of the year. The British bank trimmed its Brent and WTI price forecasts for 2016 by $3 each, to $44 and $43 a barrel. Stressing that oil markets were “far from immune” to the effects of the British referendum, the bank said “markets have experienced only the tip of the iceberg in terms of the impact of the UK’s ‘leave’ vote.” The British vote to leave the EU is expected to […]