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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (23770)	11/4/2016 5:28:54 PM
From: Goose94	Read Replies (1) of 203353

Crude Oil prices to stay below $60 per barrel in 2017. 14 investment banks predicts that oil prices will not rise above $60 per barrel for another year. The average forecast of the 14 respondents puts Brent oil prices at $56 per barrel in 2017 and WTI at $54. Those figures are down $1 per barrel from last month’s survey, and stand in stark contrast to forecasts from a year ago, which predicted oil to move above $70 per barrel this year. *North Sea oil production set to jump.* Oil shipments from the aging North Sea could rise by 360,000 barrels per day between September and December of this year, taking output for the region up to 2.16 million barrels per day. The buildup of tankers in the North Sea is starting to clear, adding to the global surplus of supply and complicating the effects of a potential OPEC agreement on oil prices.

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