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Brent Oil Futures - May 15 (LCOK5)

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57.09 +1.98    (+3.58%)
17:51:34 GMT - Real-time CFD Data. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 55.11
  • Open: 55.24
  • Day's Range: 54.71 - 57.68
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Brent Oil 57.09 ++1.98 (++3.58%)
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Brent Oil Analysis

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Knowledge comes, but wisdom lingers. It may not be difficult to store up in the mind a vast quantity of facts within a comparatively short time, but the ability to form judgments requires the severe ...

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Brent Oil
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Latest Brent Oil Comments

Yu Zh
Yu Zh Apr 01, 2015 03:38PM GMT
http://www.cnbc.com/id/102549129: OPEC oil output hits highest since October. . http://www.cnbc.com/id/102551607: Oil in for a whacking on Iran deal

Kenneth Ljung
Kenneth Ljung Apr 01, 2015 12:07PM GMT
Khalil Rad, you must not have been following this closely. First of all the first date of a signed agreement will happen at earliest the last of June. It will take atleast 3 to 6 months for Iran to produce 500K, but wells has been closed down and may not be operational until later. Then it will take another year before they can produce another 700K to reach max production per day. However to be able to gain this increase they need investments. And those 30 mb at storage will be bought by the chinese for storage at a huge discount.
Lasse Maltensson
Lasse Maltensson Apr 01, 2015 02:11PM GMT
According to Norweigian oil experts it only takes Iran 3 months to boost production by 800k barrels a day. I think I read the very same numbers on Bloomberg as well. Iran oil minister claims they can boost production by 1 million within 3 months. So your estimate is half compared to many others.
Lasse Maltensson
Lasse Maltensson Apr 01, 2015 02:13PM GMT
Also Royal Dutch Shell and Total have said they can return very fast to Iran once the agreement is in place.

khalil Rad
khalil Rad Mar 31, 2015 09:44PM GMT
for oil we have to see what will happens to Iranian nuclear negotiation which will continue till tomorrow if they sign agreement for sure oil price will come down because Iran can sell more than millions all a day , at moment Iran has 30.000.000 barrels oil on sea ready for sell..
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