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IEA Oil Market Report January 2015 Highlights
The price of oil continued to collapse into January as rising supplies collided with weak demand growth and OPEC maintained its commitment to not cut production. Brent crude futures last traded at $48.40/bbl, near a six-year low. NYMEX WTI was at $47.75/bbl. Macroeconomic weakness continues to restrain global oil demand growth, with 4Q14 deliveries […]
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IEA Oil Market Report January 2015 Highlights
The price of oil continued to collapse into January as rising supplies collided with weak demand growth and OPEC maintained its commitment to not cut production. Brent crude futures last traded at $48.40/bbl, near a six-year low. NYMEX WTI was at $47.75/bbl. Macroeconomic weakness continues to restrain global oil demand growth, with 4Q14 deliveries estimated […]
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