CrudeOil Highlights from 01-15, Jun 2013
During the first half of last fortnight, selling offers for Crude oil prices showed a mix sentiment due to fall in US equity indices on one hand and a decline in crude inventories in the U.S.A on the other hand. Crude oil prices increased in the second half of last fortnight, due to decline in the value of the US dollar and the prediction of improved demand for oil by the International Energy Agency. Inside information stated that the crude oil prices increased owing to the fall in the value of the US dollar.
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