| From Telegraph: Oil slipped below $33 a barrel in New York, hitting a new low for the year, on persistently weak expectations for the global economy. Analysts said the price was distorted by regional factors, such as limited storage availability, but it was indicative of the severe recession in developed countries and a drop in global demand for oil.
David Fyfe, head of oil industry and markets at the International Energy Agency, said: "There was a little support for prices with what was happening in Gaza, the cold weather, and a bit of a bump up for the Russia-Ukraine gas crisis..... Full Article: Source
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