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EPIC CRUDE OIL TREND FOR TODAY-2-MAY-2013

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Post  Admin Thu May 02, 2013 1:34 pm

Crude trading range for the day is 4741-5071.
Crude dropped as fresh concerns over economic growth in China and the United States weakened the demand outlook.
Saudi Arabia's energy minister said the kingdom did not plan to expand its oil production capacity to 15 million bpd
U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 6.7 million barrels

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