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Supply to continue in Brent Crude......... not seeing any reversals till May 10th

We had given call on Brent Oil at 57.50$ levels (Dated  March 10, 2015) for downside target of 54$ , At present its @ 53 and the supply to continue as we do not see any reversals till May 10th and also till the premiums shrink between NYMEX Crude and Brent Oil.

{March 17,2015}

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