Brent crude dipped to US$102.6 a barrel on the ICE Futures exchange in London. Benchmark oil on the Nymex for July delivery fell to US$94.5 per barrel, falling below US$95 on Wednesday as ample supplies caused energy investors to pull back. The previous day saw oil prices under pressure by OPEC's disclosure that its members boosted production by 106,000 bpd in May. Some experts feel the world already has an ample supply to meet current demand.
13-Jun-13 
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