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Free MCX Tips: Crude oil gains 3.75% on strong German data

Discussion in 'Stock Market News & Analysis' started by Anik singh, Jan 20, 2016.

  1. Anik singh

    Anik singh New Member

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    Crude oil prices rose by 3.75% on Wednesday after the German economic sentiment deteriorated less than expected in Jan, underlining optimism over the health of the euro zone’s largest economy which raised the demand outlook for the fuel. The ZEW Centre for Economic Research said that its index of German economic sentiment declined by 5.9 points to 10.2 this month from Dec reading of 16.1.

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