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Crude Oil Inventories rose to a seasonally adjusted annual rate of 2.707M, from 3.256M in the preceding month indicating that the demand for the commodity in US, world’s largest consumer of crude oil is weak. At the MCX, crude oil futures for April 2013 contract were trading at Rs. 5,175 per barrel, down by 0.46 per cent, after opening at Rs. 5,193 against the previous closing price of Rs. 5,199.
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