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Oil prices come to the final Sprint
Posted On 26 Dec 2014
The oil prices enter to the final sprint of 2014, without being able to exceed the collapse raised in recent months, caused by the oversupply in the market, partly because of the US “boom” of unconventional crude.
The Texas Intermediate crude oil (WTI) benchmark in the US, closed on Wednesday at $ 55.84 per barrel.
Analysts discarded in the near future any sudden movement and bets already focus on how far can be the basis of the price, which as speculated, could go lower. “If there is an active market for a price below $ 40 now, I can not anticipate we’re not even close to bottoming out now,” said analyst Stephen Schork to CNBC.





