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Crude oil prices could pick up in late 2016 – IEA’s F.Birol

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - IEA’s Executive Director Fatih Birol has argued that crude oil prices could start reverting its decline late next year or at the beginning of 2017, while crude investment is expected to drop by 20% during 2016.

    Furthermore, he added that further downside pressure in prices is likely in case sanctions against Iran are lifted.

    He also added that a slowdown in China could impact on the predictability for energy markets.
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