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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price rises to $105 from eight-month low

Posted on 09 April 2013

Brent crude rose towards $105 per barrel on Monday as plans to stimulate Japan’s economy lifted financial markets, but the oil benchmark remained near an eight-month low on worries over global economic growth and fuel demand.
The Bank of Japan (BoJ) has promised to inject $1.4 trillion into the economy in less than two years and economists expect the huge monetary stimulus to support assets such as oil and other commodities………………………………………..Full Article: Source


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