Crude oil price continues to move lower amidst profit-taking after the rally earlier this month. The drop was also driven by the ease in Libyan tensions with rebels reopening the country’s biggest ports. Currently trading at 104, the front-month WTI contract has been down -3.5% from the 9-month high made on June 20 because of concerns over disruption of Iraqi oil production.
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Crude Oil Prices Softened as Geopolitical Tensions Eased
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