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How crude affects stock market?

Posted By On 9/10/2008 12:11:00 AM Under

1. It is very important to keep the price of crude oil under surveillance. Presently crude oil has hit  low of $104.23/bbl which is the lowest rate since  April 4.

2. Moreover The Opec meet is in offing today at Vienna and it is going tol decide on the winter production schedule. for the crude.

3. Crude experts are of the opinion that crude  production will remain steady.

4. The reason for oil  weakening is due to firmness in dollar and demand continues to outstrip supply and same has been said by none other than OPEC President Chakib Khelil. One can check LIVE CRUDE PRICES here

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