| Crude oil for may delivery is lower |
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gnutrade.satya
Senior Member
Cash: $ 48.60
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Location: Hyderabad
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| Crude oil for may delivery is lower |
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When a data showed that the US economy grew less than anticipated last quarter and adding to this a plan to bail out Greece from a fiscal crisis failed to control the concern over fragile economic recovery and this obviously took the oil prices to a negative side. Richard Ilczyszyn, senior market strategist at Lind-Waldock in Chicago said: "You had the GDP revised lower and there's still concern about the euro and the euro zone economy."
Phil Flynn, an analyst with PFGBest Research in Chicago said: "There was also selling after news of the sinking of a South Korean naval vessel, which was seen with bearish implications on consumption and production."
Crude oil for May delivery settled at $80.00 a barrel on the New York Mercantile Exchange.
http://www.gnutrade.com
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Mon Mar 29, 2010 12:33 pm |
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rapidbilling
Member
Cash: $ 3.80
Posts: 19
Joined: 23 Mar 2010
Location: United States
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heyyy.. thank for sharing this information ...forecasts for crude oil price are US$60 to US$70 per barrel for this its may be crude oil price be $85 by June 2010, ... 
Rapid-Billing™
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Mon Mar 29, 2010 12:53 pm |
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