ZOID RESEARCH 14-JULY-2014 :CRUDE OIL

Faltering demand for gasoline in the US, resumption of Libya’s crude output and exports and ease of geo-political tensions have been the prime factors behind recent fall in oil prices (both Brent and WTI)


Libya's state-run National Oil Corp lifted a force majeure from the major eastern Ras Lanuf and Es Sider oil ports after rebels agreed last week to end a blockade.


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