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Raymond James Financial, Inc. CEO Paul Reilly discusses the firm's first quarter results
Raymond James Financial, Inc. CEO Paul Reilly discusses the firm's first quarter results and investor trends on CNBC.
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Weekly Trends
The West Texas Intermediate (WTI) oil price is down a remarkable 45% since its July 2014 peak of US$107/bbl. In our view, the price shock has largely been supply-driven, rather than demand-driven. Through this challenging period for prices global oil demand has remained strong at 94.7 mln bbl/day in Q4/14, up 1.5 mln bbl/day from the previous quarter.
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