Presented by www.fibre2fashion.com
(Mar 1 - 15, 2014)
Crude Oil
In the first half of last fortnight, selling offers for
Crude oil increased due to fall in the value of the
U.S.A dollar. In the second half of last fortnight,
Crude oil prices declined as...
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Presented by www.fibre2fashion.com
(Mar 1 - 15, 2014)
Crude Oil
In the first half of last fortnight, selling offers for
Crude oil increased due to fall in the value of the
U.S.A dollar. In the second half of last fortnight,
Crude oil prices declined as supported by the
Obama administration’s announcement to sell
crude oil from the U.S.A Strategic Petroleum
Reserve. Crude oil prices continuously declined
by the fuel inventory report brought out by the
U.S.A Energy Information Administration, which
stated that by the end of the second half, Crude
oil inventories increased.
Naphtha
In Asian market Naphtha prices went up due to
improved demand in F E Asian region and
possible shrinking supplies from European
market. Naphtha market kept steady initially,
which moved down gradually towards the end of
the second half of this last fortnight. In the
beginning of the second half of the last fortnight,
Naphtha prices decreased marginally due to poor
market fundamentals. Naphtha prices continued
t
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