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Commodities Briefing - Categorized | Oil, Trends more

Oil constrained by high supply, weaker US growth

Posted on 22 October 2013

Benchmark U.S. crude prices may dip further below $100 a barrel this week, reflecting favorable supply dynamics and weaker growth prospects in the U.S., according to CNBC’s latest market survey of traders, analysts and strategists.
Almost three-quarters of the respondents in CNBC’s latest poll of oil market sentiment (18 out of 25) believe prices will fall this week, 20 percent (5 out 25) expect gains and 8 percent (2 out of 25) are neutral………………………………………..Full Article: Source


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