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Saturday, June 16, 2012

Crude may trade with positive bias in near term

Since Dollar shown weakness recently slipping below 82 marks.Crude and metal will show some strength in near future. Nymex crude oil price shown some strength on the expectation of some easing from the US federal reserve coupled with Organization of Petroleum Exporting Countries (OPEC) asking members to cut production in excess for their quotas.

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