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Light sweet crude oil is the source of petroleum gas, gasoline, kerosene, industrial fuel and diesel. It comprises of little sulphur in contrast to sour crude oil. The price of light sweet crude oil has a great impact on the economy and vice-versa. Present day price of crude oil is 76.60$ per barrel. There are [...]
Read full post...All eyes are on oil majors since the fall of refining battle. though the industry is 20% increasing, the refineries are struggling to demand remains weak and the cost of input - oil - continues to rise.Most companies are betting on a rebound in oil prices to offset the results of refining dejuction. The results [...]
Read full post...After a huge sell-off this week, oil prices wavered. More data is starting to predict that energy demand here at home in the U.S will continue to fall.
Sweet crude rose early today after a 10% decline in prices yesterday, but bad news about the U.S housing & auto markets helped to raise those gains.
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