EPIC AGRI COMMODITY UPDATE :CRUDE OIL
Posted: Thu Dec 26, 2013 10:50 pm
Crudeoil trading range for the day is 6163-6221.Crude oil gained boosted by demand for refined products after industry data earlier this week showed a steep decline in gasoline and distillate inventories.Supply outages in Africa are also in focus and added some geopolitical risk premium to prices. Today crude oil inventories: EXP: -1.9M PREV: -2.9M. Actual is at 9.30PMExport terminals remain closed in Libya, where output was at 250,000 barrels per day, down from 1.4 million bpd in July.