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Oil prices fell with expectations of lower demand
Tuesday 10.27.2015 1:15
Baghdad news / follow-up
Qubat oil prices at low levels, in light of expectations of a slowdown in demand that refers to the continued oversupply for months to come, which in turn carry speculators to reduce bets on higher prices. The record crude American earliest delivery month to $ 44.69 a barrel by 0557 GMT, up nine cents from the closing price in the last session, but lower by 12% for the highest level during October. London Brent crude rose eight cents to 48.07 a barrel, but at least more than 10% from its highest level during the current month. The agency said Goldman Sachs World, said: "Oil prices may fall sharply with the approach of refined products storage sites fullness of satiety to worsen already pushed prices down more than 50% since June 2014.
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Tuesday 10.27.2015 1:15
Baghdad news / follow-up
Qubat oil prices at low levels, in light of expectations of a slowdown in demand that refers to the continued oversupply for months to come, which in turn carry speculators to reduce bets on higher prices. The record crude American earliest delivery month to $ 44.69 a barrel by 0557 GMT, up nine cents from the closing price in the last session, but lower by 12% for the highest level during October. London Brent crude rose eight cents to 48.07 a barrel, but at least more than 10% from its highest level during the current month. The agency said Goldman Sachs World, said: "Oil prices may fall sharply with the approach of refined products storage sites fullness of satiety to worsen already pushed prices down more than 50% since June 2014.
[You must be registered and logged in to see this link.]
