LiteForex - Analytics

    LiteForex

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    Brent: general review on 15.10.2015

    According to forecasts, the price of oil will remain under pressure in the near future. The main reason for that is going to be falling growth rates of the world economy as it was revised from 3.5% to 3.1%, which indicates falling demand for commodities. In addition, the price is pressured by increasing oil reserves in the US that last week substantially grew, to 2.6 million barrels.

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