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Crude oil prices to remain weak – Russia’s A.Siluanov

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Russia’s Minister of Finance Anton Siluanov expects crude oil prices to extend the downside in the upcoming periods.

    In the domestic field, Siluanov argued that 2015 budget deficit hit nearly 2.6% of GDP, while he sees a balanced budget with crude oil prices around $82 per barrel.

    At the moment, the barrel of Brent crude is down nearly 1% just above the $31.00 mark, while the barrel of West Texas Intermediate is up 1% around $30.70.
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