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Oil Market Snapshot – April 2013

  • Brent oil price projection revised to $108/bbl for 2013
  • Non-OPEC oil supply likely to contribute to oversupply
  • Sentiment in the commodity market turned bearish, reflecting the Cyprus banking crisis along with a sharp drop in gold and other commodity prices which put further downward pressure on oil prices

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by Graham Walker // 22 April, 2013

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