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IEA: Oil to remain around $55 this year

from MarketWatch

Don't be fooled: Oil prices might have staged impressive rallies over the recent weeks, but that could be it for this year's price rebound. In its recent "Medium-Term Oil Market Report," the International Energy Agency said it sees Brent oil averaging $55 a barrel in 2015, below even Brent's currently depressed level of $58. more


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