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Brent Could Restore to $36 per Barrel

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Oil prices on Thursday are slightly up. Brent on March contracts is trading around $33.1 per barrel and WTI with March delivery is going for $32.2 per barrel. The main reason for the growth is news from the Saudis and Russians about a possible reduction in extraction. After meeting with the Russian minister for energy, the head of Transneft, Nikolay Tokarev, announced that OPEC and Russia plan to meet in February to discuss a possible reduction in oil extraction in order to stabilise prices.

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