Crude oil is down 2.45 percent to 66.22 on NYMEX whereas domestic prices opened at Rs 4580, down 122 points or 2.65 percent currently. The short term bias continues to remain on the downside as concerns over a potential increase in supply from OPEC and Russia in a bid to stabilise the market continue to weigh on prices. On the downside, supports are placed Rs 4400 4350 whereas resistance is expected to come into play at Rs 4600 4620 intraday.
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