Energy prices declined last week on renewed oversupply concerns of late. The front-month WTI crude contract dropped -3.83% last week, settling at 44.19, the lowest close in 2 months. Similarly, the Brent crude contract finished the week at 45.69, the lowest close in 2 months and down over -4%. Although US crude inventory dropped -2.34 mmb in the week ended July 15…
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