Thursday, September 1, 2011

MCX Crude oil trend and market news

Today crude oil decline in London market it first time fall in eight days, and domestic market MCX crude oil is consolidate trend.
Futures reversed earlier gains, falling as much as 1.1 percent, as Europe’s sovereign debt crisis caused the dollar to strengthen, undermining the appeal of dollar-priced assets such as crude. U.S.
Oil for October delivery on the New York Mercantile Exchange was down 21 cents at $88.60 a barrel after falling as much as 58 cents to $88.23 a barrel.


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