CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5800 R1-5720 S1-5600 S2-5550
Crude oil fell pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies.
Further pressure came from the prospect of resuming oil supplies from the Buzzard field in the North Sea.
Oil prices on both sides of the Atlantic have been in steady decline since the end of June as concerns faded over supply disruptions from Iraq, Libya and Russia.
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