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Crude Oil
CrudeOil Highlights from 13-26, Feb 2015

Crude oil prices went up during 2nd week of February due to higher demand forecast for Crude oil by oil cartel Organization of Petroleum Exporting Countries (OPEC) coupled with went up in prices was also a result of fall in the value of the US dollar. The Crude oil prices rose owing to a decline in Libyan oil output following a spurt in violence in the war-torn country. State-owned National Oil Corporation (NOC) has stated that an explosion at a key oil pipeline on February, 2015 hampered supplies of crude oil.

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