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Inside Investor

Oil Market Forecast & Review 18th January 2013

Oil Market Forecast & Review 18th January 2013

Increasing demand for higher risk assets along with the unexpected drop in the past week’s U.S. crude oil inventories helped March crude oil spike higher into a Fibonacci price level. New support is now firmly entrenched at a key 50% price level.

Also contributing to the strength was the news that OPEC left its 2013 global oil demand estimate unchanged while confirming a significant…

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