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Indian-Commodity  :  Commodities  :  Crude Rates Stay At Maximum Position In 31 Months

Crude Rates Stay At Maximum Position In 31 Months (30-Apr-2011)

Crude rates shut down better on ending friday settling at top level in thirty-one months on Friday as a less strong dollars and geopolitical issues in the center Eastern and Northern Africa. The issues overshadowed require worries facing weaker US financial progress. US rising prices submitted its largest year-on-year rise in ten months in March as US customers used much more for 9th straight month to pay increased charges for meals and fuel.

Standard crude for June supply established at $113.93 a barrel, increasing $1.07, or 0.95 %, right after dealing in a range from $112.25 to $114.18 on New York Mercantile Exchange. In London, Brent for June supply established at $125.89, upward 87 cents, or 0.7 % on ICE.

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