Wednesday, 22 April 2015

Commodity Market Crude Oil

Crude Oil settled down by -2.12% at 3593 as tensions eased in the Middle East after Saudi Arabian-led forces stopped bombing Yemen and on views that US crude oil inventories lifted last week. Yemen is not considered one of the major crude exporters in the region, it is strategically located on the Bab el-Mandeb strait one of the world's largest chokepoints of oil.

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