EPIC AGRI COMMODITY UPDATE:CRUDE OIL
Posted: Mon Dec 09, 2013 10:40 pm
Crudeoil trading range for the day is 5898-6022.Crude oil dropped undermined by signs of weaker European demand despite upbeat economic data from the United States and China.Crude imports by China, reached 23.56 million tonnes in November, or 5.73 million bpd, up 19.1 percent from the previous month on a daily basis.Weather-related oil production losses also provided some price support.