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COMMODITY TRADING TIPS: Oil rout worsens on continued supply glut fears

Discussion in 'Stock Market News & Analysis' started by Anik singh, Feb 9, 2016.

  1. Anik singh

    Anik singh New Member

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    Crude oil futures plunged by 5 per cent in the domestic market on Monday, tumbling to the lowest level in more than two weeks to below the USD 30 per barrel mark overseas as investors and speculators shunned the energy commodity amidst heightened fears over a growing supply glut with few signs that major producers will cut output.

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