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Oil expects bearish inventories as OPEC sees little growth in 2013

Posted on 17 January 2013

In spite of market participants focusing more of their attention on the perception of what global oil demand might be down the road, the nearby fundamentals remains mostly biased to the bearish side. Last night’s API oil inventory report was neutral to bearish after another large build in gasoline stocks (see below for more details).
The World Bank issued their latest global forecast suggesting that the global economy is still fragile as high income countries continue to suffer from volatility and slow growth………………………………………..Full Article: Source


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