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Saturday, 11 July 2015 - 17:47
Oil prices could fall further says International Energy Agency
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The International Energy Agency as said that Oil prices may have further to fall despite stabilising in recent months - and even beginning to rise modestly - because of a massive oversupply.

The IEA said lower oil prices were likely to last well into 2016.

The agency added the world oil market was unable to absorb the huge volumes of oil now being produced.

It follows the massive drop in prices which started last summer.

 
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