ZOID RESEARCH 19-AUGUST-2014 : CRUDE OIL

Oil prices plunged 1 percent yesterday as Hedge funds and other big speculators cut their bets on rising Brent crude oil prices to the lowest level in two years owing to ample supply despite fighting in Libya and
Iraq.

Also, Iraqi and Kurdish forces recaptured Iraq's biggest dam from Islamist militants with the help of U.S. air strikes to secure a vital strategic objective in fighting that threatens to break up the country.

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