LiteForex - Analytics

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    Brent: the price is under pressure from excess supply on 02.07.2015

    The uncertainty around Greece, the USD growth and world supply increase keep maintaining pressure on the price of oil.

    Yesterday’s data on oil reserves in the US surprisingly showed an increase by 2.386 million barrels instead of anticipated 2.075 million barrels reduction. The level of reserves now is much higher than the last 5 years average value. 

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