| Oil prices skidded Thursday, hitting multi-month lows on a sluggish demand outlook. The European Union announced Thursday that euro-zone economic growth was flat in the second quarter. Demand for oil from European refineries has been weak this spring and summer, leaving some cargoes in the Atlantic searching for buyers last month.
Global supplies are ample, and investors are continuing to discount the possibility that violence in the Middle East and Eastern Europe could cause a supply interruption...............................................Full Article: Source
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