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Balance, Brexit concerns drag on oil prices

stander
stander
in Oil, Gas and Energy News

Featured Replies

NEW YORK, June 13 (UPI) -- Crude oil prices declined heavily in early trading Monday after OPEC data show the dynamics of global supply and demand remain unchanged.


For nearly two years, crude oil markets have been pressured by global economic growth that was too slow to take up the heavy supply of energy products. By May, the International Energy Agency said some level of balance was returning to the market as supplies where fading against slow increase in overall demand.


http://www.upi.com/Business_News/Energy-Industry/2016/06/13/Balance-Brexit-concerns-drag-on-oil-prices/4441465824286/?nll=1


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