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CrudeOil Highlights from 01-15, Nov 2009

In the last fortnight price of Crude Oil increased due to active demand surge from downstream market. By the end of the first half of the last fortnight price of Crude Oil turned bullish on the back of news of declined inventories of U.S.A for Crude Oil and energy products. In the mid of the last fortnight Crude Oil prices were pressured higher due to a weakening of U.S.A greenback. Positive impact of U.S.A. and Asian equity market was also found in the Crude Oil market.

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