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Commodity Exchange

23 february, 12:10
Commodities for February, 20th

Oil grows 3 day on end, not less than on 10 % a day. Absent news and the reasons for growth speaks about technics given process so, end it can at any moment. Experts believe that "the bear" trend will dominate in the oil market soon because of falling  demand for commotitive materials and fuel against recession in economic. The prices from the beginning of year have fallen to 10 %.

 

Analysts Barclays Capital have reduced the forecast of the oil price to mark Brent in 2009 for 15 %, to $60 for barrel, referring to reduction demand because of recession in economic. The bank believes that reduction of oil world consumption will make this year 1,25 million barrels a day while the International power agency expects reduction of all on 1 million barrels.

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