EPIC AGRI COMMODITY UPDATE:CRUDE OIL

[epicresearch]

Crude oil prices reversed its previous day’s gains, falling by 0.16 per cent on Wednesday as deepening economic slump in the 17-member euro area economy raised fears over the demand outlook for the fuel. Germany’s annual inflation rate fell to the lowest level in more than two years at 1.5 per cent in February 2013. At the MCX, crude oil futures for March 2013 contract were trading at Rs. 5,028 per barrel, down by 0.16 per cent, after opening at Rs. 5,037 against the previous closing price of Rs