LiteForex - Analytics

LiteForex

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Brent: review and forecast on 16.06.2015

The price of Brent crude oil was falling since the middle of last week. After the failure to consolidate at $66 per barrel (the highest level since 25 May), the price started falling amid overall strengthening in the USD. Extra pressure was added by the news that Libya has increased its oil output to 500 thousand barrels per day.

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