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	<title type="html"><![CDATA[Crude Oil Futures Trading Forum by Live Oil Prices - ICE Brent oil prices limp back up after yesterdays falls]]></title>
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	<updated>2009-09-22T13:31:34Z</updated>
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			<title type="html"><![CDATA[ICE Brent oil prices limp back up after yesterdays falls]]></title>
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			<content type="html"><![CDATA[Oil prices stage a recovery of sorts after yesterday's falls - metals are also up - ensuring the FTSE 100 opens in positive territory. 

Commodities have staged a modest improvement after yesterday's falls, the improvement has helped resource based components on the FTSE 100 which is 1.05% up at 5,188.17 by 9:15am.

Brent crude oil prices nose dived yesterday losing $2.51 or nearly 3.5% crossing below the short term moving averages.

ODL Markets say the 'violent' decline was far greater in its intensity than a continued rebound in the US dollar against the euro and a slight decline in the equity market. Furthermore a late decline in the greenback which pared most of its early gains didn’t have the supportive impact in the energy complex which it usually does.

This slight decoupling from the currency market happened before in the crude oil price market every now and again so is still too early to consider a significant change in the strong inverse correlation between crude prices and the greenback.

The same is valid for the speculation that investors in the energy complex could also start to look at the overall bearish fundamentals, neglected lately.]]></content>
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				<name><![CDATA[oil prices]]></name>
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			<updated>2009-09-22T13:31:34Z</updated>
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