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Home / Posts tagged opec

Oil price expected to fall – How to profit from this?

Posted on May 16, 2013 by Fxi in Forex News
Oil price expected to fall – How to profit from this?

An OPEC breaking oil price-drop from ~104 USD/bbl to 50 USD/bbl is being predicted by the leading analysts. This is caused by a huge extra supply of Oil coming from North Dakota shale oil wells. The supply shock generated from North Dacota has the potential to dramatically influence the whole oil market around the globe. […]

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