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Commodities Briefing - Categorized | Market Moves, Oil more

Oil’s best see no reversing worst run since 2008: Energy Markets

Posted on 07 October 2011

Brent oil will struggle to recover from its longest slump since the 2008 financial crisis as a weakening global economy cuts growth in demand to the lowest level for any fourth quarter in the past three years.
Brent crude will trade an average 0.6 percent higher than current levels of about $103 a barrel during the final three months of the year, according to the mean prediction of 10 analysts whose third-quarter projections were the most accurate of 31 compiled by Bloomberg. Futures lost 8.6 percent in the third quarter, extending a 4.2 percent drop in the second……………………………………….Full Article: Source

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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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