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Fundamental Oil Report (2012-01-16)

NewsCrude oil struggles at the beginning of the weekPreviousForecastAnalysisCrude oil struggles amid mixed factors that affecting it, where the downgrade moves in Europe have added fears into global markets and hit the confidence among investors, which countered the effect from the Iranian issue which played a great role in keeping crude above $100, however, the effect of downgrade move won in putting crude below this level.

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