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IEA follows the EIA by going more bearish - Malcolm Graham-Wood

FXStreet (Barcelona) - Independent Analyst, Malcolm Graham-Wood cites EIA’s statement reflecting further bearish outlook for Oil.

Key Quotes

“The lower oil price is supposed to benefit Japan more that pretty much any other country and the fall in crude and to a lesser extent LNG should be helping the economy at the moment.”

“The IEA followed the EIA at the end of last week by being even more bearish that before saying that ‘it is increasingly clear that we have begun a new chapter in the history of markets’ which is quite bold but then they rarely get anything right I suppose...”

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