SHORT-TERM OIL OUTLOOK
North Sea Brent crude oil prices averaged $61/barrel (b) in June, a $3/b decrease from May.
Crude oil prices fell by about $4/b on July 6 in the aftermath of the "no" vote in Greece on the economic program, as well as lingering concerns about lower economic growth in China, higher oil exports from Iran, and continuing growth in global petroleum and other liquids inventories. A percent price change of this extent on a single day is unusual, but despite daily…
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