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The Supply pressure on Brent Oil has aggravated


The supply pressure on Brent Oil has aggravated and is down 2.5 percent which is more then the supply in NYMEX Crude...its down 1 percent..NYMEX Crude is @ 49.5$ and Brent Oil at 57.5$ ...if it closes below 58$ , a way down to 54$ isn't ruled out. Also the premiums will shrink..so caution is advised on any raw materials commitments.

{10 March 2015}




























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