Despite lingering eurozone fears, Brent oil prices will hover at $110-$120/bbl for the rest of year, Mirae Asset Research says
Despite lingering eurozone fears, Brent oil prices will hover at
$110-$120/bbl for the rest of year, Mirae Asset Research says;
stronger-than-expected GDP growth in
China
and
supply uncertainties in OPEC countries like
Libya
,
Iraq
and
Venezuela
are
powerful bullish fundamental factors. ICE Brent August crude is up 26 cents at
$116.52/bbl; August Nymex is up 31 cents at $96/bbl
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