Azerbaijani company issues oil price forecast
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By Trend
After the price of Brent crude oil reaches $50, a deep correction may occur, reads a daily report by the Azerbaijani investment company InvestAZ, Trend reports.
Analysts of the company note that in case if oil prices break through the level of $51.66 in the upward direction, the price of Brent may reach $52.78 and $54.61.
Alternatively, if the price of Brent crude drops below $49.86, the oil prices may further decrease to $47.56 and $46.15.
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