Crude Oil Updates By Ravindra Kumar

Crude Oil prices rose in Asia on Thursday but remain subdued by concerns about the impact on demand from the stock market rout in China and Greece’s debt crisis, analysts said. Robust commercial crude inventories in the United States added to the pressure in the commodity face of a supply glut, they said.

“Live Commodity online prices fell sharply this week with crude prices suffering their largest sell-off in five months, slumping more than 8.0 percent.”

It would be recommended to buy crude oil on the current level, it may go higher in a day or two.

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