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Crude oil trading is near its lowest level in four weeks.

Trading of Crude oil approached its lowest level in nearly four months after falling to the highest pace in a week, amid shrinking the gap between American contracts and contracts for Brent crude oil for the first time in six days. Where futures contracts changed slightly in New York after falling 1.4 percent yesterday, erasing its biggest monthly rise since August.

In the meantime, noted a separate report by the American Petroleum Institute to U.S. crude stocks fell by 740 thousand barrels last week. While expected to be official government report shows today's stocks fell by 2.45 million barrels. On the other hand traded crude futures for September delivery at $ 103.16 per barrel, higher by about 8 cents in New York Stock Exchange trading. While the contract fell around 1.47 to $ 103.08 a barrel yesterday, the highest since the fourth declined and the twentieth of July.

While Brent fell for the settlement of September by about 11 cents to $ 106.80 a barrel. On the other hand, Asian stocks fell, including the main index, ahead of U.S. growth data as well as the findings of the meetings of the Federal Reserve Bank. MSCI Asia Pacific Index fell by 133.36 points in Tokyo.

As well as the decline in Japan's Topix index fell 1% and decline of Nikkei 225 index 1.4%. Opened Crude oil futures for September delivery at $ 103.15 a barrel to trade at $ 103.37 a barrel, recording the highest at $ 103.47 per barrel and the lowest at $ 103.08 per barrel.

Wednesday, 31 Jul, 2013 / 6:44

Source : https://www.firstbinaryoption.com

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