Fundamental Oil Report (2010-03-15)

15 March 2010 @ 04:11 am EDT

NewsCrude opens the week bearish due to pressures from supply woes
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Forecast
AnalysisCrude oil started its week off soft on growing concerns regarding excess supply in the market. The market is fragile and jittery, since most equities in Asia ended lower and the dollar gaining grounds, where commodities did not have a lucrative appeal providing a window of doubt to sink in triggering the correction.

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