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Saturday, October 22, 2016

The European Commission sharply raised its forecast prices for Brent crude

The European Commission released a spring economic forecast.

It sharply increased estimate of the average price of Brent crude oil, like in 2016-almost 15% – up to 41.07 USD per barrel (with 35.8 per dollar in the winter forecast) and 2017 – with a 42.5 dollars per barrel — up of 45.95.

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