Crude Oil Crude oil prices held steady in Asia Thursday on an unexpected draw in U.S crude oil stocks, but a global surplus continued to weigh. In the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery traded at $67.40 a barrel, up 0.01 percent, after hitting an overnight session low of $66.89 a barrel and off a high of $68.20 a barrel. Recommendation As oil supply is high from the oil supplying countries, which results in decline of prices. Investors should buy crude oil, forecasting bigger profits in future by taking short position.....BR
Posted on: Thu, 04 Dec 2014 08:05:25 +0000
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