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crude futures are trading flat

Brent oil futures for Oct delivery inched up 11 cents to $84.53 a barrel while WTI oil Oct futures prices edged up 5 cents $80.15 a barrel during Asian hours on Tuesday morning. Both the benchmarks closed flat yesterday after a two sessions of upside momentum. Fears of expectation of Fed increasing int rates in U.S in turn downward pressure on demand outlook pressing oil complex while hurricane in U.S outpaced the bearish sentiment. It is very difficult to see bullish momentum in the market at this movement.

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