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Commodities Briefing - Categorized | Market Moves, Oil more

IEA head: Oil market tight, high oil price a threat

Posted on 17 November 2011

The oil market is tightening and high oil prices are already hurting growth in developing economies and threaten any economic recovery in Europe, the head of the International Energy Agency (IEA) said on Wednesday.

Brent crude has averaged over $111 a barrel this year, up from just over $80 in 2010, adding to manufacturing costs and leaving consumers with less disposable income……………………………………..Full Article: Source


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