Tuesday, July 16, 2013

Oil prices dip, but concerns abound about disruption in supplies through Suez Canal and Sumed Pipeline

New York's main contract dipped to US$103, while Brent North Sea crude for August was down at US$107.1. Though prices have dipped, concerns abound in the market due to fears regarding a disruption in supplies through the Suez Canal and the Sumed Pipeline.




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