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Nayana Devadas

Oil Gains a Third Day on Demand Outlook as Supplies Drop - Bloomberg - 2 views

www.bloomberg.com/...-crude-stockpiles-decline.html

shared by Nayana Devadas on 07 Jun 12 - No Cached
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      demand- micro
  • Crude inventories
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      inventory- supply- storage 
  • ...10 more annotations...
  • crude
  • Futures
  • 75 cents to $85.04
  • Brent oil for July settlement gained 26 cents, or 0.3 percent, to $99.10 a barrel on the London-based ICE Futures Europe exchange.
  • New York crude is set to rebound based on a technical indicator that shows a decline of more than 20 percent fro
  • bear market conditions
  • Futures
  • Futures
  • “The inventory decline doesn’t change the overall outlook much, but at least it’s headed in the right direction,”
  • The relative strength index, or RSI, has been below 30 since May 11, signaling that oil is poised to climb, said Richard Ross, a technical analyst at brokerage Auerbach Grayson & Co. in New York. The 14-day RSI, which identifies possible turning points in markets, dropped to 16.3 on June 1, the lowest level since February 1986.
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