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MCX Commodity Updates: Crude Continues To Drop

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  • Tuesday, July 12, 2011
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  • Crude oil eased further today, continuing to drop from its high near $99 on last Friday for the benchmark WTI futures. The stock markets tumbled further today amid a massive dose of strength in the US dollar, hurting the demand for commodities. The equities in Asia and Europe were dragged lower amid growing concern that the Eurozone debt crisis is spreading.

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