LiteForex - Analytics

LiteForex

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Brent: 50.00 broken through, but correction should happe on 07.08.2015

During the Asian session oil prices rose slightly, however the general downwards trend continues.

The USA is likely to lift the export ban on crude oil; thus, US oil together with Iranian oil will be added the existing global oversupply. In the medium term, the excess of supply over demand remains the main factor affecting the oil prices.

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