Monday, 30 September 2013

Fundamental Outlook of Crude Oil

Crude oil fell for a sixth session out of seven on Friday 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.

Crude oil is trading lower on NYMEX today. We expect prices to trade lower for the day as tensions over Iran eased and as a potential U.S. government shutdown clouded the outlook for demand.


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