ZOID RESEARCH 9-OCT-2014 : CRUDE OIL

Brent crude prices hit a 27 month low on Wednesday and recovered partially trading above $91 on expectations that the market could be headed for a rebound despite growing stockpiles and a gloomy world economic outlook. Forecast of International Monetary Fund cutting its global economic growth forecasts for the third time this year, warning of weaker growth in core euro zone countries, Japan and major emerging markets such as Brazil will be drag to prices.

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