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Crude Oil Fundamental Analysis May 11, 2012, Forecast

posted by Avatar FXEmpire 377 days ago in Fundamental, Daily, Oil made popular 377 days ago

Crude Oil is trading at 97.00 even as the markets close on Thursday. Today’s trading continues on risk aversion and on negative eco data.

Inventories of crude oil show a glut in the world markets not just the US. US inventory reports showed that supplies continues to grow, exceeding the 5 year average and over the high for this time of the year.
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