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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices may fall next year

Posted on 30 November 2012

Oil prices are expected to fall slightly over the next year as high production feeds softening demand at a time of slowing global economic growth, a poll shows.
An oil price survey of 29 analysts forecasts North Sea Brent crude oil will average $107.50 per barrel in 2013, down $1.30 from the forecast in the October poll and compared with an average of around $111.90 so far in 2012. Five analysts now expect Brent to average less than $100 in 2013, compared with three in last month’s poll………………………………………..Full Article: Source


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