29 March 2024
Brent falls continue as markets seeks guidance from reluctant Saudi
Publication date: 15 October 2014
Gas Strategies Group
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ISSN: 0964-8496
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Brent crude closed out Tuesday at USD 85.05/barrel, having tanked more than visual_editor0% against the global oil benchmark's visual_editor014 peak in June. The figure also marks an almost four-year low in a market which is both well-stocked and reeling from stagnating demand, suggesting that without a significant OPEC intervention it could shed more value before any uptick occurs.