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MCX crude September futures trade below 200-DMA, support seen at Rs 6800/bbl; trend looks bearish

By Bhavik Patel WTI rallied almost 3.5% on Thursday after trading at a 6 month low as there is worry of tight supply. For the past 2 months, oil prices are falling steadily on account of recession fears. U.S. crude oil inventories, excluding those in the SPR, are now just 425 million barrels, 6% below …

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