LiteForex - Analytics

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Brent: price of energy resources will rise on 09.02.2015

Contrary to OPEC leaders' opinion that 1 barrel will soon cost $20, the price of "black gold" is not hurrying to fall below $45/bbl.

The prices of energy resources are rising with US small and mid-sized shale developers phasing out new projects, which will decrease the US output in future.

Oil consumption in China, the largest energy resources consumer, is expected to grow in the medium term as the production is growing. 

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