JUNE 13 FRIDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 5745 TO 5920
LONG TERM TREND : BULLISH : TARGET RS 6190
Oil prices fell Thursday as the dollar strengthened
and as traders took profits after a five-dollar gain
in response to a US government report that
showed American crude reserves dipped for
a fourth week running.
At 2:30 p.m., New York-traded WTI crude for July
delivery was down $2.54 at $133.85 a barrel.
In London, Brent crude for July delivery was
down $2.02 at $133.00 a barrel.
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