gnutrade.satya
Senior Member
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Joined: 06 May 2009
Location: Hyderabad
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| The oil market started off on a dull note |
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The oil market started off on a dull note as investors were unease about a stalled economic recovery weighed on equities and energy markets and a slightly stronger dollar helped oil break a string of three days of gains.
Jim Ritterbusch, president at Ritterbusch & Associates in Galena, Illinois said: "The complex came under downside pressure at the start of the week as it continues to spend much of its time trailing the stock market and the euro to a lesser extent."
A barrel of crude oil for October delivery settled down 47 cents to settle at $74.70.
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