Brent crude falls on OECD's strong demand forecast

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Source: Bloomberg
The European benchmark Brent crude declined modestly on Thursday after a report showed that inventories in the U.S. declined and as the prices are forecast to exceed a level of $100 a barrel for the fourth straight year in 2014 on OECD's forecast of strong demand. Brent for settlement in January shed 24 cents to $111.64 a barrel on the London's ICE Futures Exchange.

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Thu, 05 Dec 2013 10:06:04 GMT

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