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stocksmarter

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stocksmarter

Re: None

Monday, 02/09/2015 1:42:32 PM

Monday, February 09, 2015 1:42:32 PM

Post# of 12758
Citi reduced its annual forecast for Brent crude for the second time in 2015. Prices in the $45-$55 range are unsustainable and will trigger "disinvestment from oil" and a fourth-quarter rebound to $75 a barrel, according to the report. Prices this year will likely average $54 a barrel.
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