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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price gains lose steam on rising dollar

Posted on 23 July 2014

Oil prices rose Tuesday, supported by a threat of tougher sanctions against Russia and fierce fighting in Gaza, but lost steam as the dollar rallied against the euro, traders said. Brent North Sea crude for delivery in September had edged up four cents to stand at $107.72 a barrel in late London deals, after trading up 64 cents around midday in the British capital.
US benchmark West Texas Intermediate (WTI) for August was 14 cents higher at $104.73 a barrel, pulling back from levels above $105 seen earlier in the day………………………………………..Full Article: Source


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