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Oil futures fall as Iraqi supply fears decline

  • Crude-oil futures fell in Asian trading hours today, due to waning concerns of Iraqi oil supply for the near term.
  • August Brent crude on London's ICE Futures exchange dropped, falling $0.29 to $113.01 a barrel. On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at $105.45 a barrel at 4:52 GMT, down $0.29 in the Globex electronic session.
  • Brent futures are still up 3.4% so far in June, after hitting a nine-month high earlier this month.
  • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, USL, UWTI, DWTI, DNO, SZO, OLO, OLEM
Comments (3)
  • Patent News
    , contributor
    Comments (1312) | Send Message
     
    Not surprised, the hype was very large and expectations of a rise were very high, therefore a disconnect.
    30 Jun, 05:15 AM Reply Like
  • Overanalytical
    , contributor
    Comments (616) | Send Message
     
    I have to agree, with the fighting mostly in the north people were prematurely freaking out.
    30 Jun, 09:25 AM Reply Like
  • WastedPotential
    , contributor
    Comments (5) | Send Message
     
    Agree. This is a bump on news, not facts or fundamentals.
    30 Jun, 09:45 PM Reply Like
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