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Demand for Oil Is Not Really There: Pro

Fri 06 Jul 12 | 02:10 AM ET
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Demand for Oil Is Not Really There: Pro

Fri 06 Jul 12 | 02:10 AM ET
"Economic slowdown is always going to put pressure on oil prices, it has kept up because of what is happening in Norway and the strike there, we had a big spike particularly in Brent because the Norwegian fields are part of that pricing," Robert Montefusco, Commodities Broker at Sucden, told CNBC.
 
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