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Inside Investor

Oil Market Forecast & Review 25th January 2013

Oil Market Forecast & Review 25th January 2013

An improving global economy and stronger demand for higher risk assets helped drive crude oil futures higher this week. Although the market looked sluggish at times due to technically overbought conditions and uncertainty over the U.S. debt ceiling issue, the nearby futures contract has been able to hold on to most of its gains.

Typically, a rally lasts 7 to 10 weeks. We are now in the eleventh…

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