The Traderszone Network

Published in TZ Latest News 9 September, 2014 by The TZ Newswire Staff

Oil To Fall In ’15 As U.S. Output Hits 45-Yr. High

Oil prices are poised to drop next year as U.S. crude production reaches a 45-year high, government forecasters said Tuesday. West Texas intermediate will average $94.67 a barrel in 2015 vs. the August projection of $96.08, the U.S. Energy Information Administration said in its monthly Short-Term Energy Outlook. The EIA trimmed its Brent crude forecast for next year to $103 from $105. Rising U.S.

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