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Oil Prices Slide Further On Weak Economic Data
Published on Friday, 01 Jun 10:34 am
Benchmark oil prices continued their slide on 31 May, to record their largest monthly decline in more than three years. Market drivers were data showing another weekly increase in US crude stocks, weak global economic data and concerns over the Eurozone economy. In London, Brent crude futures settled $1.60/B lower at $101.87/B, while in New York WTI settled $1.29/B lower at $86.53/B.
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