Crude oil prices resumed the decline as output soars but demand growth is yet to catch up. The market is concerned as the National Iranian Oil Company indicated that it would scale up production by 500K bpd within the week after the sanctions are lifted.
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/crude-resumes-decline-on-renewed-oversupply-concerns-2015122932036/
Crude Resumes Decline on Renewed Oversupply Concerns
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