Some extracts on oil.
1. Barclays says risks to its Brent fair value estimate of USD 90/barrel for this year are tilted to the upside.
2. Venezuela is working to shift its oil sales to digital currency. This comes as oil sanctions are set to be reimposed. Venezuela will use Tether, linked to the US dollar, and state-run PDVSA will use the digital currency for oil export transactions to avoid revenue from oil sales being frozen in foreign bank accounts .
The information comes via Reuters.
Brent update:
This article was written by Eamonn Sheridan at www.forexlive.com.
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