Energy Update

LONDON, Aug 9 (Reuters) - British supermarket WM Morrison
said on Tuesday it had agreed new terms with its online
partner Ocado which will see it extend home delivery
across the country using its own stores to pick products.

(Tue, 09 Aug 2016) Crude oil prices broke below $45/b and out of of a two-month-long trading range in July. The front-month Brent crude oil price decreased $6.06 per barrel (b) since July 1, settling at $44.29/b on August 4 (Figure 1). The West Texas Intermediate (WTI) crude oil price settled at $41.93/b, declining $7.06/b over the same time.

CARACAS, Aug 8 (Reuters) - A meeting between OPEC and
non-OPEC countries may take place "in the coming weeks,"
Venezuelan Oil Minister Eulogio del Pino said on Monday, as the
crisis-stricken South American nation seeks to prop up weak oil
markets.

TOKYO, Aug 9 (Reuters) - Crude prices inched down on Tuesday
in Asia, paring gains of nearly 3 percent from a day earlier, as
worries over a global oil glut tempered speculation that OPEC
would try to restrain output.