ZOID RESEARCH 13-NOV-2014 : CRUDE OIL

Crude oil prices declined on both sides of the atlantic with Brent and WTI falling by 0.6 percent and 1 percent respectively. The pressure was on account of technical selling, pressure from a strong dollar and after Saudi Arabia's oil minister refused to say if the kingdom will support calls from some OPEC members to cut crude output.On the MCX, crude oil prices declined by 0.4 percent and closed at Rs.4756/bbl



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