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Commodities Briefing - Categorized | Oil, Price Watch more

Crude oil prices dip as Iraq fears ebb

Posted on 04 July 2014

The price of oil dropped below $104 a barrel Thursday as the risk of supply disruptions in Iraq continued to recede and two key export terminals in Libya were expected to reopen soon.
By early afternoon in Europe, benchmark U.S. crude for August delivery was down 68 cents to $103.80 a barrel in electronic trading on the New York Mercantile Exchange, its sixth day of declines. On Wednesday, the contract fell 86 cents to $104.48. Brent crude, a benchmark for international oils, was down 61 cents to $110.63 a barrel on the ICE Futures exchange in London………………………………………..Full Article: Source


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