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Opec supply, US shale output seen keeping oil prices weak
Published Sun, May 31, 2015 · 09:50 PM
New York
OIL prices are likely to stay relatively weak for the rest of this year due to ample supply from traditional Middle East producers and a resurgence of US shale production, according to a Reuters survey .
Reuters monthly survey of 28 analysts predicted the global oil benchmark North Sea Brent crude would average US$61.60 a barrel in 2015, close to current levels.
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