Oil prices slightly declined during the last week of 2011, but this week we are entering a new year and the direction of oil prices may change. For the first week of 2012, let's examine what is up ahead for the oil market.
On Friday, December 30th oil price (WTI) slightly fell by 0.82% to $98.83/b; Brent also declined by 0.69% to $107.58/b; during December WTI decreased by 1.52% and Brent by 3.36%.
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