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Oil prices head lower as global tensions continue unabated

“However, the kingdom said its high production was to meet peak summer demand domestically” writes Jenny W for marketwatch.com. On the New York Mercantile Exchange, light, sweet crude futures for delivery in September CLU7, -0.88%  was recently down 43 cents, or 0.9%, to $48.15 a barrel in the Globex electronic session.One bullish aspect of OPEC’s report Thursday was its upward projection regarding 2018 global oil demand.October Brent crude LCOV7, -0.91%   on London’s ICE Futures eased 47 cents or 1%, to $51.43.
Source: marketwatch.com

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