crude oil prices predictions january 3 2012

crude oil futures prices predictions january 3 2012 ; THE price of North Sea Brent crude oil looks set to remain above $100 (£64) a barrel during 2012 despite the threat of a global recession, creating misery for motorists and other consumers of petroleum products and headaches for central bankers worried about inflation.

City oil analysts said a combination of tight supplies, strong demand from developing economies such as China and Brazil and tensions over Iran's nuclear programme will keep the market buoyant over the next 12 months. read crude oil prices predictions 2012

Tuesday January 3 2012 :
The United States will join the session at 15:00 GMT with the Construction Spending Monthly Index for November, which could have expanded by 0.5% from 0.8%.

The United States will also release the ISM Manufacturing for December, with expectations the index could have expanded to 53.2 from 52.7.

At 19:00 GMT the Federal Reserve will provide markets with the Minutes of the FOMC last meeting.

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