Despite the last weeks weak performance
crude oil at multi commodity exchange is trading in the green zone.
Today the crude oil showed a bullish trend in the domestic market.
The demand for crude oil has increased in the market once again. Last
week the crude oil traded in red signals most of the time due to the
global economic conditions. But now the situation is vice versa.
Currently the crude oil is trading at 4795 with 0.3% up. Earlier in
today's trade the crude oil traded with moderate losses.
Crude oil Trend:- Today's pace of crude
oil is expected to continue on Tuesday.Where we may see some more
hike in the prices of crude oil.Further the EIA today said that the
demand for oil is supposed to trde in the range bound in 2013. Crude
oil is expected to trade in bullish trend on 17 July 2012.
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