ZOID RESEARCH 29- MAY-2014 : CRUDE OIL

Profit booking coupled with a rise in crude inventories reported by API led to fall in WTI oil prices by more than 1 percent. However, sharp downside in prices were cushioned on comments from as the European energy commissioner, which said it is unlikely Kiev and Moscow will resolve all issues in the gas price dispute before Sunday's June 1 deadline.

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