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Commodities Briefing - Categorized | Market Pulse, Oil more

Oil drops sharply as supply concerns ease

Posted on 16 July 2014

Brent crude suffered its biggest one-day percentage fall since the start of the year as concerns about supply disruptions eased, leading investors to unwind bullish positions and sell futures contracts.
ICE August Brent fell to a three-month low of $104.39 a barrel, extending losses since the middle of June, when insurgents swept across northern Iraq, to more than 9 per cent………………………………………..Full Article: Source


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