EPIC AGRI COMMODITY UPDATE :CRUDE OIL

[epicresearch]

Crudeoil trading range for the day is 6272-6534.Crude oil dropped after data showed that U.S. existing home sales fell unexpectedly in June.Prices remained supported by a broadly weaker U.S. dollar and amid indications of improving demand from the U.S.Prices were supported by China's move to remove controls on bank lending rates that could lower financial costs for companies