Friday, 27 September 2013

Fundamental Outlook of Crude Oil

Crude oil dropped for a sixth day running on Thursday, in what could be its longest daily losing streak inmore than a year, as key producer Iran sought to speed up talks on its nuclear program and after a rise inU.S. crude inventories.


Crude oil is trading lower on NYMEX today. We expect prices to trade lower for the day as a U.S.-Russia deal to remove chemical weapons from Syria and talks on resolving tensions over Iran's nuclear plans helped ease fears over Middle East supply risks.

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