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Commodities Briefing - Categorized | Market Moves, Oil more

IEA says oil markets well supplied, no need for action

Posted on 30 August 2013

The International Energy Agency said on Thursday oil markets were currently well supplied and did not warrant any action by the West’s energy watchdog despite a recent spike in prices.
Supply outages from Libya and concerns the escalating situation in Syria could spill into other Middle East countries has pushed up prices for international benchmark Brent by nearly $8 this month to over $115 a barrel………………………………………..Full Article: Source


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