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Analytical Reviews of Commodities

25 September 2017

Commodities

Alexander Razuvaev

Nigeria could join the OPEC+ deal

According to Emmanuel Kachikwu, Nigeria’s oil minister, the country could be set, by the end of March, 2018, to become party to the deal by OPEC+ to cap oil production.
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19 September 2017

Commodities

Veselin Petkov

Brent oil trading at 55.35 USD a barrel

The International Energy Agency upgraded their forecast for oil demand in 2017 by 1.6m barrels a day in their Oil Market Report. The reason for this revision was strong demand from OECD countries.
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11 January 2017

Commodities

Gabriel Ojimadu

Copper quotes up 5% since the start of the year

Industrial metals have started 2017 with growth. Copper quotes are up 5% since the start of the year, rising to $5,760 per tonne. Nickel and aluminium have risen 4.5% to $10,480 and $1,750 per tonne respectively. Throughout 2013-2015, the prices for industrial metals stagnated, but in 2016 they grew steadily. Copper, nickel and lead rose 20% last year, with zinc and tin rising by over 50%. From November to December last year there was a small fixation of profits: light metals rebounded downwards.
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26 October 2016

Commodities

## milchakova

Price of crude unlikely to rise above $53/bbl

Last week the price of WTI rose 1.7% and reached $50.88/bbl. The expiration date for the futures’ price was October, 24. On October, 19, the price reached its new quarterly high of $51.54/bbl. We forecast that the price is unlikely to fall below the level of $50/bbl unless OPEC’s members again fail to agree at their meeting on November, 30.
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28 September 2016

Commodities

## milchakova

Price of crude to depend on OPEC meeting results

Over the previous two weeks, the price of WTI has lost 0.28% and declined to $44.83/bbl. On September 16, the price reached its two-week low of $43.18/bbl. We consider the level of $42.7-43/bbl as a strong support level, while the resistance level is located above $45.5/bbl.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

Gabriel Ojimadu
Gabriel Ojimadu

Alpari analyst

Vadim Iossub
Vadim Iossub

Senior Alpari analyst

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