Barclays' biggest overweight stock for 2021 is oil major BP, for which it sees 63.7% upside potential, followed by Dutch bank ABN Amro with 50.6% and British telecoms company BT Group with 47.2%.
Bjarne Schieldrop, chief commodities analyst at Nordic bank SEB, said: “Oil demand is likely to rebound strongly in 2021 along with the roll-out of vaccines. There are good reasons to be bullish for oil.”Strong buy.