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Commodities Briefing - Categorized | Oil, Price Watch more

No OPEC deal could see oil price fall to $30

Posted on 15 November 2016

Jeremy Baker, commodity and alternative investment product manager at Vontobel, has warned the price of Brent crude could fall to $30 a barrel if OPEC’s proposed deal to limit oil supply falls through.
With Brent crude trading at $46 a barrel (as at 9 November), this would mark a significant drop for the commodity, which briefly came under pressure last week following the unexpected result of Donald Trump winning the US Presidential Election, before rebounding……………………………………..Full Article: Source


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