31.07.2012 - Brent slips to near $106, economic woes trump lower OPEC output
Brent oil ended down for the first time in five sessions on Monday as worries that expected stimulus from the United States and Europe may fail to lift their economies overshadowed signs of lower OPEC production. Supply from the 12-member Organization of the Petroleum Exporting Countries (OPEC) fell by 450,000 barrels per day (bpd) in July to 31.18 million bpd, a Reuters survey showed, as Western sanctions further cut supply from Iran and due to reduced shipments from Angola, Saudi Arabia and Libya...............................................Full Article: Source
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