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EIA: Crude oil prices held down by rising global supply, lower demand

08.10.2014 / Energyboardroom

With global demand forecasts being revised lower while supply continues to rise, North Sea Brent crude oil prices have fallen to about $91/bbl—the lowest level in more than 2 years and 21% lower than its 2014 daily peak of $115/bbl on June 19.

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