Oil and natural gas daily review

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WTI oil prices have traded lower last week as report from IEA said that that slowing global economic growth, particularly in China and Europe, had curbed oil demand severely at a time when supplies were growing steadily, particularly from North America. On the supply side, the IEA expects non-OPEC supply to expand by 1.6 million barrels per day in 2014 and by another 1.3 million bpd in 2015.

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