Oil prices set to rise, says BarCap

The combination of monetary policy tightening in China, Brazil and India and the European sovereign debt crisis has caused correlations to approach the levels of the great recession, according to Barclays Capital's annual wealth report.

The report, published last month, states that both implied and realised correlations spiked to a three-year high, creating a near-term buying opportunity, especially in equities. Surging government debt and extreme monetary easing can support growth, but does not

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