Bank Of Baku

Analytics: “Oil is not expected to go up this year”

Analytics: “Oil is not expected to go up this year”
# 03 January 2012 08:18 (UTC +04:00)
Analytics say Brent crude oil is forecasted to be $100/a barrel in 2012.

Certain decrease of oil is related with decline of economic growth of European developed countries. According to International Energy Agency’s forecasts, oil demand in Germany, France, Great Britain, Italy and Spain will decreased by 1.3%, in US – by 0.5%.






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