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EIA: Brent spot prices fell outside the $5/bbl range in August

09.09.2014 / Energyboardroom

According to the US Energy Information Administration’s most recent Short-Term Energy Outlook (STEO), weakening global demand and growing Libyan oil exports drove down North Sea Brent crude oil spot prices to an average of $102/bbl in August, $5/bbl lower than the July average and $10/bbl below the average in June.

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