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2/16/12

Consolidation, Survive Oil at U.S. $ 101.02?

Liputan6.com, Jakarta: The movement of oil prices to trade on Thursday (16/2) night tracked down. Throughout the day, oil prices tend to slow down.
 This negative sentiment due to delayapproval of the bailout package proposed by Greece to the EUand the IMF.


Oil is also due to the weakening of the action taken by investorswho hold positions ahead of the release of some U.S. economicdata this evening, as jobless claims data and the manufacturing index.

Crude oil futures fell 0.8 percent to U.S. $ 101.02 per barrel.While Brent crude fell 1 cent to U.S. $ 118.92 per barrel.

According to the analysis of the Division of Research in VibizVibiz Consulting, predicted oil prices are still likely to rise with the support level of U.S. $ 100.29 per barrel and U.S. $ 102.49 levelresistant barrel. (Www.vibiznews.com / BOG)
source:http://berita.liputan6.com
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