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Monday, January 15, 2007

Crude Oil pushes lower

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WTI Nymex crude oil is hitting fresh session lows below $52.65 following news that the fire in Chevron refinery has been contained.
The risk say traders is on fresh 20-month lows below $51.56 to test the 200-week moving average at $49.70, with thin volumes for remainer of the electronic session as Nymex floor trading is closed in observance of Martin Luther Day holiday.

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