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Brent set to rise as oil glut begins to clear: report

stander
stander
in Oil, Gas and Energy News

Featured Replies

DUBAI, 0 hours, 46 minutes ago

The oil market is now poised to rebalance in the next six quarters and Brent crude price is likely to rally to $47 per barrel by mid-year, according to a new report by Bank of America Merrill Lynch.

The report titled ‘Global Energy Weekly: Brent outpacing gasoline’ said the global oil supply glut that brought prices down from $115 to $27 per barrel is starting to clear.

http://tradearabia.com/news/OGN_304604.html

$90 by years end, yawn.

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