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Commodities Briefing - Categorized | Market Moves, Oil more

Oil to drift lower in 2013, crash unlikely: Analysts

Posted on 21 December 2012

Slow economic growth and ample supplies are expected to keep a lid on oil next year with crude prices gradually slipping lower. But analysts polled by Reuters say a price crash is unlikely and geopolitical concerns should help support the market.
Reuters monthly survey of 26 analysts forecast North Sea Brent crude oil will average $108 per barrel in 2013, down from an average of $111.71 so far this year. Brent prices are projected to fall further to an average of $105.90 in 2014, the poll showed………………………………………..Full Article: Source


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