LiteForex - Analytics

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BRENT: excess supply of oil on 11.06.2015

According to the International Energy Agency (IEA) estimate, in the second half of 2015 growth pace for the demand of oil will slow down, however the overall demand will increase. Data shows that OPEC oil production in May has reached its highest level since August 2012 and the biggest growth was in Saudi Arabia, Iraq and United Arab Emirates. 

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