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3 Jun 2014
Oil price drifts as Iraqi production climbs - FXStreet
FXStreet (Łódź) - Independent Analyst Malcolm Graham-Wood, points out that the oil price drifted a bit yesterday in lackluster trading but that it has picked up a bit today.
Key Quotes
“The oil price has picked up a bit this morning on the back of better than expected services sector and manufacturing data from China and last nights US manufacturing activity.”
“Elsewhere Iraq production in May was 2.582m b/d, up 8% which led to a higher than expected OPEC total in the month.”
Key Quotes
“The oil price has picked up a bit this morning on the back of better than expected services sector and manufacturing data from China and last nights US manufacturing activity.”
“Elsewhere Iraq production in May was 2.582m b/d, up 8% which led to a higher than expected OPEC total in the month.”