Energy OverView August 5, 2014

Oil prices continue to rebound, after the recent, stark sell-off. WTI prices will get more support from the weekly inventory data, which will show another drawdown. The effect the CVR refinery outage will not been seen until next week’s report. Both Brent and WTI crude have gotten support from the renewed battle in Iraq. The move by IS forces was swift and successful.

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