Crude closed near flat yesterday with the price action contained within a $1.60 range so after the last two day's rally oil market participants have decided to take a breather. Although the sharp decline in the US currency continued with another fresh low against the euro being hit, the trading session in crude was relative quiet with investors possibly awaiting further developments in the global economy. Technically, the $68 - $75 sideways range which started at the end of July is still intact.

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Crude Oil

COMMODITY

LEVEL

CHANGE

ICE BRENT CRUDE - OCT 09

71.55

(-0.08)

ICE WII - OCT 09

72.94

(-0.03)

GASOIL - OCT 09

594.00

(+4.75)

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