ZOID RESEARCH 2-SEP-2014 : CRUDE OIL

WTI oil prices gained by around 1.5 percent on Monday on bargain buying at lower levels as markets have significantly corrected in the recent weeks. Manufacturing growth has faltered in Europe and China at a time of ample supply, although the risk of production setbacks remained high in Libya where the government has lost control of most of the capital. Euro zone manufacturing growth slowed more than expected last month and factory activity in several key countries appeared to be stagnating. French factory output fell at its fastest in 15 months in August.

 

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