ZOID RESEARCH 13-AUGUST-2014 : CRUDE OIL

WTI and Brent crude oil prices declined in yesterday’s session by around 0.7 percent and 1.7 percent respectively as as ample supplies countered any disruption risks posed by lingering tensions in Iraq and Libya. It was the fourth day of losses for the oil benchmark and comes after the International Energy Agency pointed to high supplies and even a glut in the Atlantic Basin.

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