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Crude Oil Dips Below $75; Support Nearby

July 12, 2010 at 16:29 UTC || By Forex Playmaker  

Crude oil is trading below the $75 per barrel mark at this hour, last priced at $74.80. Upcoming support at $74.39 will be key if further rallies are to follow in the short-term. Upward resistance will be found near $76.50.

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