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Tag: December Oil

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A bullish U.S. Third Quarter GDP Report this morning has helped launch a strong rally in the December stock index futures. Traders have renewed their demand for higher risk assets after a four-day decline. Technically, the markets are only retracing the recent down move. A close on the high and a follow-through rally tomorrow will be a better indication that the correction is over.

Crude Oil Falls on Inventory Rise

Posted by Futureshound on September 23rd, 2009

December Crude Oil and Gasoline are trading weaker at the midsession following an unexpected rise in inventory and a drop in demand. The Energy Information Administration showed crude oil inventory rose by 2.8 million barrels at the end of last week. Traders were looking for a 1.5 million barrel decline. Demand also fell by 3.3%.

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