CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5700 R1-5620 S1-5500 S2-5420
Crude oil settled flat as gains were limited amid speculation rising global supplies will be more than enough to meet slowing demand.
Global supplies have far outpaced demand, sparking speculation among traders about whether OPEC would lower production to keep prices high.
A report last week showed OPEC oil output hit a two-year high of 31 million barrels per day in September.
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