ZOID RESEARCH 7- MAY-2014 : CRUDE OIL

WTI crude rose in post settlement trade in Tuesday’s trading session on account of decline in the API crude inventories defying market expectations of a build. Positive economic data also supported U.S. crude Tuesday as the U.S. trade deficit narrowed in March on rebounding exports. Besides, The U.S. dollar fell to an eight-week low against the Euro, another bullish factor for U.S. oil and other commodities priced in the dollar as a weak greenback makes them cheaper for traders.

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