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Russian Energy Minister Sees a Slight Rise in Oil Exports in 2016
As per Bloomberg report, Russian energy minister Novak said their oil exports in 2016 could be ‘slightly higher’.
Iran
is already working to boost its production to 4 million barrels per
day. Meanwhile, oil inventories in the US continue to remain at record
highs. No wonder, oil analysts/experts are worried the current rise in
prices could be short lived.
(Market News Provided by FXstreet)