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Oil-ANZ 10% upgrade forecast for WTI crude in 2016

Discussion in 'Market News' started by ForexLive, Oct 12, 2015.

  1. ForexLive

    ForexLive Forum Member

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    An ANZ research note on 'Improving prospects for WTC Crude in 2016' In brief: - Recent production trend (US oil production has declined rapidly since peak in July) suggests US oil stocks could be well below current EIA estimates within 12 months, improving prospects for WTI prices relative to Brent crude

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