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Commodity focus

Crude oil prices have spiralled relentlessly over the past one and half months—from around Rs4,800/barrel to around Rs5,200/barrel now, due to winter demand and simmering tensions in the Middle-East. Crude prices are currently at a three-month high. At 369.1 million barrels, crude oil inventories in the US are well above the upper limit of the average range for this time of year. However,...

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