Sunday, 14 October 2012

MTECHTIPS


MTECHTIPS;-CRUDE OIL
U.S. crude futures fell on Monday in early Asian trade to hold just above $91 a barrel, as worries 
about the global economy offset the supportive impact of Middle East tensions. The IEA said that 
Iran's oil production has fallen to the lowest in more than two decades, with the decline attributed 
to Western sanctions. Tension between Turkey and Syria intensified.  China's crude-oil imports in 
September recovered on month after hitting a 22-month low in August as large refineries completed maintenance and diesel demand rose during harvests.  Outlook: Crude is expected to  trade 
with positive bias and  later on take cues from US economic data and geopolitical issues. 
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