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Slow economic growth affects oil prices
Aug. 1, 2018
Source: Reuters

Slow economic growth affects oil prices

As a result of the surge in the crude stockpiles of U.S. and slow economic growth, mainly in Asia, oil prices slipped on Wednesday. Brent futures fell down by 0.4%, at $73.91 a barrel and WTI dropped down by 0.6% and was traded at $68.38 a barrel. The signs that the supply in the Bab al-Mandeb Strait will be resumed soon also affected the oil prices.

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