bsop devry uni 330 homework

bsop devry uni 330 homework - Brentcrude,,fell as low as...

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Brent crude, used as an international benchmark,  fell as low as $27.67  a barrel, its lowest since 2003, before recovering to trade at $28.86. The price of US crude was $29.65 a barrel after hitting $28.36. Investors fear the lifting of Western sanctions on Iran could worsen the existing  oversupply problem. Iran's deputy oil minister Roknoddin Javadi has expressed confidence the country can  produce an extra 500,000 barrels per day. Phillip Futures analyst Daniel Ang said the earlier price drop was due to concerns about Iran. "This means we will be seeing a bigger oil glut with Iranian crude exports coming  back to the market," he said. The benefits of cheap oil How low can oil prices go? However, oil producers' group Opec said in its January market report that it expected to  see the price of crude begin a rebalancing process in 2016.
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