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Jefferies lifts oil-price view and upgrades Eni and Exxon Mobil 

Analysts at Jefferies elevated their oil value view in addition to their scores on Eni and Exxon Mobil. They lifted their long-term Brent oil

forecast to $58 from $55, citing recovering demand because the vaccination rollout continues and a decrease provide threat from the excessive ranges of OPEC+ spare capability. They lifted Eni

to purchase from maintain, citing the dividend yield and the potential to spin off its biofuel enterprise. Exxon

was upgraded to carry from underperform, on a improved macro setting, although they mentioned Chevron’s

funding case was extra compelling, combining the next money move yield and better upstream progress potential.

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