EPIC AGRI COMMODITY UPDATE: CRUDE OIL

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epicresearch
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EPIC AGRI COMMODITY UPDATE: CRUDE OIL

Post by epicresearch » Sun Dec 15, 2013 11:31 pm

Crudeoil trading range for the day is 5945-6119.Crude oil dropped on prospects for ports in eastern Libya to resume exports and a possible scaling back of the Fed’s massive stimulus programme.Libya's government expects eastern tribes to reopen three oil ports, which could increase output at OPEC producer from current 250,000bpdThere are doubts as to whether Libya can raise its output to pre-protest levels of more than 1 million bpdDownside seen limited supported by supply concerns

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