ZOID RESEARCH 22-AUGUST-2014 : CRUDE OIL

WTI oil prices declined on Thursday heading for a straight second weekly loss as easing geopolitical risks and higher global oil supply pressured prices. U.S. crude production has reached the highest in 28 years due to a shale oil boom. The Organization of the Petroleum Exporting Countries pumped more oil in July despite conflicts in the Middle East and Africa.


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