Crude Oil Extends Losses On Light Profit-Taking
Crude oil extend losses early mild profit-taking, such as the USD strengthened against major currencies.
EU debt crisis is not over, but the market is likely to rule out problems to see the results of the FOMC meeting to be held on Tuesday and Wednesday and ECB interest rate decision will be released this week, said Daiichi Shohin analyst Koichi Murakami; the October business reports by the U.S. Institute of supply Management on Tuesday will also observe the signal.
Nymex December crude oil fell 53 cents at $ 92.79/bbl on Globex; December ICE Brent from 96 cents at $ 108.95/bbl.

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