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Friday, October 14, 2011

MCX Crude Oil and Commodity Bullion Tips Today

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Crude Oil Prices I expect that will trade within $90-$112 per bbl. and within 6 months seeming touch $103 per bbl.European economies have decelerated. Liquidity remains strong and plentiful, thus hopes of edging past a recession remain.
Global economy is likely to slow down, Crude oil price is not expected to fall.Since the world GDP growth has to fall below 2% for a contraction in global oil demand, such a scenario is unlikely.
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