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Oil Price to Hold Above Pre-Pandemic Levels on Overbought RSI Reading

(MENAFN - DailyFX) Oil Price Talking Points
The price of oil extends the advance from the previous week as severe weather conditions in Texas force US producers to cut or freeze crude output, and the persistent overbought reading in the Relative Strength Index (RSI) may continue to coincide with higher oil prices like the behavior seen earlier this year. Advertisement Oil Price to Hold Above Pre-Pandemic Levels on Overbought RSI Reading
The price of oil appears to be breaking out of the ascending channel established in November as it climbs to a fresh monthly high ($61.26), and crude may continue to trade above pre-pandemic levels as US inventories are expected to narrow for the fourth consecutive week. ....

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Welcome To IANS Live - INTERNATIONAL - Russia's daily Covid cases reach new low in months

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IANSLive
Moscow, Feb 16 (IANS) Russia registered 13,233 Covid-19 cases over the past 24 hours, the lowest daily increase since October 10, the country s coronavirus response centre said on Tuesday.
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Update: 16-February-2021 ....

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Welcome To IANS Live - BUSINESS - Equity indices touch new highs, Sensex crosses 52,500

The BSE Sensex has touched an all-time high of 52,516.76 points.Arou ....

India Private , News Service , All Rights , இந்தியா ப்ரைவேட் , செய்தி சேவை , அனைத்தும் உரிமைகள் ,

Welcome To IANS Live - BUSINESS - NCC, Karur Vysya among top 'Jhunjhunwala' stocks to surge post budget

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IANSLive
Mumbai, Feb 16 (IANS) As the domestic equity market has accentuated its bull run post the Union Budget, stocks with investments from the big bull of the Indian stock market, Rakesh Jhunjhunwala, have too have made it bigger in the past couple of weeks.
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Update: 16-February-2021 ....

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EU's industrial output in 2020 declines 8 percent

The number declined 8.7 percent in the eurozone in the same period, according to Eurostat.
The eurozone/euro area, or EA19, introduces member states that utilize the single currency euro while the EU27 includes all member countries of the bloc.
It further stated that In December 2020 compared with December 2019, industrial production decreased by 1.6% in the euro area and by 1.2% in the EU.
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