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lior

  1. Oil Prices – Weekly Outlook July 30- August 3

    by
    lior
    , 07-29-2012 at 05:15 PM
    Oil prices started off the week with a sharp tumble but throughout the rest of the week both Brent and WTI recovered. The news of the decline in new home sales and pending home sales didn't seem to affect the oil market. Even the modest growth in U.S GDP for Q2 didn't seem hold back the recovery of oil prices. During the week, WTI oil declined by 1.43%; Brent oil, unlike WTI, finished the week 0.55% higher than the previous week.
    During the upcoming week there are several reports that may affect oil market including the U.S non-farm payroll report, FOMC meeting, manufacturing PMI of China and U.S and EIA weekly oil report.

    For the complete oil market weekly analysis at Trading NRGhttp://www.tradingnrg.com/crude-oil-price-forecast-for-july-30-august-3-2012/ ...
    Tags: oil, oil prices
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