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Wednesday, November 22, 2006

Sharekhan Commodities Buzz dated November 22, 2006


Crude oil: Firm prices to continue
Crude oil traded above $60 a barrel in New York yesterday on concern that output disruptions may limit the supplies ahead of the peak winter demand and the Thanksgiving holiday in the USA. The prices rose after high winds at Valdez port prevented tankers from loading crude from the Trans-Alaska pipeline.