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Crude Oil
CrudeOil Highlights from 01-15, Dec 2014

In the first half of last fortnight, Crude oil prices went down as Saudi Arabia had sold crude parcels to Asia at a discount in January coupled with result of an increase in US dollar values. The Crude oil prices decreased was also triggered as Saudi Arabian Oil Co (Saudi Aramco) announced a reduction in its official selling price (OSP) of all January-bound crude oil parcels to be shipped to the US and Asia. During the second half, Crude oil prices continued to follow the downtrend due to price war amongst Organization of Petroleum Exporting Countries (OPEC) member countries to reclaim their share in the global oil markets.

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Price Trends - Crude Oil

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