Crude oil update

Jul 4th

Posted by admin in Business & Economy

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After three weeks of continuous advance, crude oil saw considerable red ink this week with the active August month future falling by $ 6.72 or 8.5% to $ 72.14/ barrel compared to a close of $78.86 last week.
 
Prices closed in red on 4 out of 5 days reacting to all the negative news from US [...]

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Crude oil price update

Jun 27th

Posted by admin in Business & Economy

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Chinese news of yuan free float (click here for MB update) had its affect on crude oil as well and NYMEX light sweet crude oil opened up and touched a high of $ 78.92/ barrel against last week’s close of $ 77.18. However it retreated back to $ 77.82 towards close as impact of the same was [...]

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Weekly crude oil update:June 12, 2010

Jun 13th

Posted by admin in Business & Economy

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Carrying over from the negative sentiment created by weaker than expected US Employment report last week, crude oil started the week on a lower note, but then steadily increased for the week.
Prices rose on 4 out of 5 days of the week. Oil inventories at US declined 1.8 mln barrels this week compared to 0.9 [...]

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Sugar Decontrol

Jun 9th

Posted by admin in Commodities

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Sugar Free: Move to decontrol the sweetner comes amid differences
 
 

Our analyst Rahul Sonthalia updates our readers regularly on the sectoral updates. Here are his views on the recent updates in sugar sector.

The move for sugar decontrol i.e removing levy quota has once again gained momentum because of dip in sugar prices aided by both improved domestic [...]

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