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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices fall after flat OPEC demand outlook

Posted on 14 May 2013

Crude oil prices slipped Friday on renewed global demand worries after OPEC left its 2013 estimate unchanged and reported increased output in April. New York’s main contract, West Texas Intermediate (WTI) for June delivery, closed at $96.04 a barrel, down 35 cents from Thursday.
In London trade, Brent North Sea crude for June settled 56 cents lower at $103.91 a barrel. The WTI futures contract sank more than $3 before pulling back up in late-session trade………………………………………..Full Article: Source


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