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Crude oil prices set to rise further: Macquarie

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  • Published On: December 27, 2010
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Jan Stuart, oil analyst at Macquarie, says for the short term the severe winter weather is a positive for oil demand. He emphasises that there is not the balance in the market as the OPEC sees, as market are tilted towards high demand. Thus in start of 2011, crude may rise further, he adds.
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